RE:Canada Funding $ 7.5 M For ENGINEERING & TEST Work !- in ALL the EXCITEMENT, I MISSED the CRITICAL DETAILS further down the news release
- YES, it is ALL THERE in a COMBINED PACKAGE: The GPI will support, enhance and promote Canada’s international leadership in Critical Minerals, in collaboration with international partners. The NRCan funding contribution would be used to address three NICO Project tasks:
1) An expanded test work program to assess feed source variability and blending of Rio Tinto sourced intermediate materials with NICO Project process streams;
2) A Feasibility Study sensitivity analysis of the engineering and economic impacts of blending Rio Tinto feed sources into the planned Alberta Refinery;
3) A Front-End Engineering and Design (“FEED”) Study for the NICO Project, providing more detailed engineering to build on the DoD funded updated Feasibility Study and enable equipment procurement and greater cost certainty.
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- so Rio Tinto will be EAGERLY AWAITING the RESULTS of the UPDATED FEASIBILITY STUDY SENSITIVITY ANALYSIS on the BLENDING of THEIR ORES with those of Nico
- that, in my view; will ALLOW RIO TINTO to MAKE the their INVESTMENT DECISION with RESPECT to Fortune Minerals and IN WHAT FORM
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