Post by
geolteacher on Mar 17, 2024 2:34pm
this is one to watch!
The winter MRE reduces strip ratio a LOT, and mentions a high-grade core. After this year's drilling and mineral processing work, should be a interesting PEA in 2H 2025.
not sure about the Cu. If you assume Ni sells for 3x Cu, and look at the MRE, the project is about 12:1 Ni:Cu. Extracting the Cu requires processing chalcopyrite and dealing with a sulfide waste.
2022 work showed about 75-80% of the Ni is in pentlandite, which comprises about 1/2 % of the deposit. I wonder if they could ore sort at site and send a pentlandite concentrate to smelter? Mineral processing's not my expertise.