Australian exploration company Graynic Metals Limited has recently refocused its exploration activities in line with its joint venture agreement with Nichromet Extractions Inc. for assets in Guatemala. Graynic has secured a strategic opportunity in line with the Company’s plan to target tier 1 nickel laterite projects at a mid-to-advanced stage of exploration in regions that have had historical barriers to entry.

The Joint Venture agreement covers a number of highly prospective areas in the Sierra de Santa Cruz and Baja Verapaz Regions which include the advanced exploration projects Rio Negro and Santa Anita. Collectively these projects represent a suite of major nickel assets that delivers to Graynic numerous potential exploration and development opportunities within a Tier One terrain.