Kagara Limited said that it has appointed Goldman Sachs and Partners Australia Limited to help sell its Forrestania nickel assets.

It added that "A strategic review of the company's assets has determined the nickel assets to be non core. The sale may include the Lounge Lizard mine in Western Australia."

Kagara produces zinc, copper and lead from its mines in Queensland. It said that selling the nickel assets will allow the company to focus on the other mines.

(Sourced from at soraya@bloomberg.net)