PT PAM Mineral Tbk. (NICL) plans to increase its nickel ore sales volume to 3.3 million mt in 2025, up from 2.3 million mt in 2024, including an additional 700,000 mt planned by its subsidiary. NICL currently operates two mining areas: the PAM Mineral mine with a reserve of 6 million wet metric tons (WMT) and the PT Indrabakti Mustika (IBM) mine with a reserve of 22 million WMT. In 2025, NICL targets a production of 809,875 WMT, while IBM is expected to produce 1.79 million WMT, with a planned total sales volume of approximately 2.6 million mt of nickel ore, with a grade ranging between 1.3% and 1.65%. The company also plans to complete the acquisition of a new mining area in 2025.