FS is Final Hurdle Before Mine Construction, Class 1 Nickel Flying Nickel Mining Corp. (FLYN) has commissioned a Feasibility Study (FS) on its Minago Nickel Project in the Thompson Nickel Belt, Manitoba.
The FS will be prepared in collaboration amongst Lycopodium, AGP Mining Consultants, Mercator Geological Services, and Trek Geotechnical.
The FS is expected to take nine months to complete.
Minago currently has an NI 43-101 compliant measured and indicated resource of 722Mlbs contained nickel grading 0.74 per cent and Inferred resource of 319Mlbs contained nickel also grading 0.74 per cent.
This technical report, completed by Mercator and AGP, has an effective date of July 2, 2021, and is available under its profile on SEDAR. A majority of the resource is open-pit optimized.
The FS will adhere to the approved 2011 Environmental Act License parameters, which permit a 10,000 tonne-per-day open-pit mining operation at Minago.
The EAL is currently valid, pending a Notice of Alteration (NOA) approval involving a minor change to the plant layout.
The NOA was submitted in late 2021, and the EAL is expected to be reissued to Flying Nickel in Q2 2022.
This is the final permitting hurdle for Flying Nickel to commence Minago mine construction. No federal permit is required for Minago.
Dan Oosterman, the CEO, commented: “Minago is one of the few open-pit optimized nickel sulphide projects in North America with an excellent nickel grade of 0.74 per cent that is a pure nickel play.”
“The potential future Minago operation could have one of the lowest carbon footprints globally as the Province of Manitoba is 97 per cent hydro-powered, producing concentrate for Class 1 nickel products that are an ideal fit for automakers’ green EV initiative,” added Oosterman.
Rob van Drunen, COO, commented: “Flying nickel is well on its path to complete the FS and achieve full permitted status in 2022, a significant lead over other greenfield nickel projects in North America.
Flying Nickel Mining Corp. is a premier nickel sulphide mining and exploration company, which was spun out from Silver Elephant Mining Corp in January 2022.
It is advancing its 100 per cent owned Minago nickel project in the Thompson nickel belt in Manitoba, Canada.
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