Operator

Thank you for standing by, and welcome to the Nickel Industries Limited Sampala Project Monetization and HPAL Integration Conference Call. [Operator Instructions] I would now like to hand the conference over to Mr. Justin Werner, Managing Director.

Justin Werner
MD & Director

Thank you very much. Could I ask the moderator to please move to the next slide. Welcome, everyone, and thank you for joining this morning's call. The two transactions announced this morning really expand on the previously signed MOU for ore supply from our world-class Sampala project. We're pleased to, obviously, announce recently a significant upgrade in the resources to -- in excess of 1 billion wet metric tonnes at 1.2% nickel. And these transactions further diversify us into the HPAL chain. But I think, importantly, the CNE transaction allows us to monetize some of the value in our Sampala resource at a significant value uplift.

The upshot of these transactions, it will deliver approximately 17,000 tonnes of attributable nickel in MHP. This is at nameplate for USD 169 million cash consideration. That's the only cash consideration required and that -- at face value, that's a $10,500 capital intensity versus current Indonesian projects, which are sort of between $20,000 to $30,000 a tonne. So it's a very attractive capital intensity. It's to be funded from existing cash and operating cash flow, with a debt backstop at commercial terms from Tsingshan, if required, again, highlights the strength of the relationship with Tsingshan, removes, I think, importantly, removes the risk of any equity overhang. It requires -- the