85,000m Drilling Completed + 5000m Currently UnderwayFLYN's Minago Nickel sulphide deposit is a very advanced play.
The Value • Nickel resource: 0.74% grade 721M lbs M&I, 319M lbs Inferred* • Investments in Minago: $53 million in today’s money
*By Mercator and AGP, report dated July 2, 2021 available on sedar, refer news release dated July 6, 2021 Descriptions Today’s Cost Estimate
85,000 meters diamond drilling $34,000,000
Tech reports, metallurgical studies $2,000,000
Geological surveys $1,000,000
Environmental baseline studies $1,000,000
Environmental Act License $1,000,000
G&A for 7 years $14,000,000
Total : $53,000,000 (Already Spent on this Project)