Over the life of mine, processing would produce 200,900 tonnes of nickel concentrate at 15% nickel and 66,900 tonnes of copper concentrate at 24% copper. This amount will contain 52.6 million lb. of payable nickel and 30.7 million lb. of payable copper.
Revenues from over the mine life are estimated at C$837 million, while operating costs are pegged at C$292 million. Capital costs are estimated at C$227 million and include pre-production capital costs of C$134 million.
Total cash flow generated by the project, minus its operating and capital expenditures, closure costs and taxes, amount to C$180 million. Its after-tax net present value, using a 5% discount rate, is estimated at C$109 million, with an internal rate of return of 20%.
“We are extremely pleased with the results of the PEA, which is focused solely on the current underground mineral resource. There remains excellent potential to increase and upgrade the quality of the…
