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Nickel Creek Platinum Corp NCPCF


Primary Symbol: T.NCP

Nickel Creek Platinum Corp. is a Canada-based mining exploration and development company. The Company’s principal business activity is the exploration and evaluation of nickel and platinum group metals (PGM) mineral properties in North America. Its flagship asset is its 100%-owned nickel-copper PGM project, located in the Yukon Territory, Canada (Nickel Shaw Project). The project is in the southwest of Canada's Yukon Territory, approximately 317 kilometers (km) northwest (NW) of the capital, Whitehorse. The Nickel Shaw Project is a large undeveloped nickel sulphide project, with a unique mix of metals including copper, cobalt and platinum group metals. The Nickel Shaw Project has access to infrastructure, located three hours west of Whitehorse via the paved Alaska Highway, which further offers year-round access to deep-sea shipping ports in southern Alaska. The Company also maintains environmental baseline activities, considers optimization alternatives and seeks other opportunities.


TSX:NCP - Post by User

Post by Wangotango67on Oct 07, 2023 5:36pm
165 Views
Post# 35674848

BACKTESTING -

BACKTESTING -I have confidence in mineral grade averages which are based on
numerous drill campaign and several labs inwhich creates comparables.

If we use the 16.4% Mg average which represents Mg grades across
all geologies - what would be the average pound in 1 tonne of ore ?

2200 pounds
x 16.4% Mg avg
= 360.80 / lbs

1 tonne should be used as test ores
Using a 151.4/g sample makes a mess of things

I also noticed the Sulphur is quite high. ( cleaner concentrate )
Average sulphur grades across all zones = 0.77 % ( under 1% )
How can under 1% sulphur increase to greater percentage of iron?
When iron is far greater in % than sulphur ?
Cleaner con = 23.22% - remember this is now a concentrate nolonger
a 3 part % of 151.4/g


Throw a dart ? ( speculative in nature )
Could the more than double Mg avg have seen a sulphur acid soak
while in MET studies ?

Wild card ?
NCP ores mixed with major's concentrate to see if blending
would result in easy intergration of ncp's ores ?



If.... 1,000,000 grams = 1 tonne then,

1,000,000 grames
~ 151.4/g
= 6605 ( batches of 151.4/g ) = 1/tonne representation
( i used 151.1/g former post )

If we apply 1st Mg value reporting to Mag Scav 1st circuit
37.4% of 151.4/g
= 56.62/g
x 6505 ( batches = 1 tonne )
= 368313/g
= 811 lbs

There are two more reporting circuits with Mg
The first phase reports 811 lbs

What was our original,Mg % over all zones ?
16.4% = 360/lbs

811 lbs - 360 lbs
= 451 lbs over original 16.4% Mg tonne value ....
and two more phases with Mg

Which is why it's oh so important to keep to - 1 tonne represenative ore tests.
If i use the 151.4/g and scale using 6618 batches of 151.4/g to match
1,000,000/g = 1 tonne ( the numerical outcomes are quite diff. )


I'd grab 1 tonne actual represenative. ( matching zonage grades - chart below )
Find another MET test lab and obtain a second opinion
Asking for all irons to be extracted firstly with magnetite first then roast
= What values are in the irons ( all minerals )
Most Mg should bypass this 1st phase being nonmagnetic
= Pull PGM's
= What remain's ?
= Could a 1.8% nickel iron con be achieved if 9 - 10 raw tonnes processed ?
= If so.... 1st phase magnetite + Iron would be a cash cow

Remaining Ores see larger curcuit ( flowsheet )

Sulphur + Magnesium
These are the 2 mineral constituents that stand out as - odd values.
Hence why not revise PFS
Run with a simple 1.8% nickel + iron concentrate
Easy to achieve
Iron becomes a payable




https://live.staticflickr.com/65535/53241269688_14fbe29879_z.jpg

https://live.staticflickr.com/65535/53241372584_21cd30a2fc_b.jpg


If my calculations are off.
By no means is it intention.
I'm open to scrutiny and objecture.
Simply trying to... make sense of the pfs which is reflective of former studies.
Do chime in, if i'm wrong.
Open to correction.

Thanks ( forward )


Cheers...
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