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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Metals & Mining Industrial Metals & Minerals
Fortune Minerals Limited is a mining company. It is engaged in the exploration and development of mineral properties in Canada. It is focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the Northwest Territories and Alberta that produces a bulk concentrate for shipment to a refinery that it plans to construct in southern Canada. It also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 kilometers (km) north of the NICO Deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator. It also maintains the right to repurchase the Arctos anthracite coal deposits in northwest British Columbia. It also has a 100% interest in these 116 hectares of property south of Great Slave Lake with copper, silver, gold, lead and zinc showings. It has a 1% net smelter royalty covering 78 hectares of land positioned in a former silver mining district, located south of the Eldorado mining district at Great Bear Lake.


TSX:FT - Post by User

Fortune Minerals Ltd
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Post by good7news7soonon Oct 15, 2024 7:14pm
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Post# 36267274

updated feasibility study!

updated feasibility study!The updated feasibility study to be completed by Worley Canada will include:
• Current market conditions, metals prices, and capital and operational costs.
• Improved transportation infrastructure that extends the NWT to within 50 kilometers of NICO.
• The securing of an industrial site in Alberta to build the hydrometallurgical processing plant.
• An upgraded and refined resource model for the NICO mine project.
• Analysis of processing third-party material at the Alberta refinery, including the recovery of bismuth and cobalt from a waste product produced at Rio Tinto's Kennecott smelter in Utah.
https://www.miningnewsnorth.com/story/2024/10/11/northern-neighbors/fortune-initiates-nico-feasibility-update/8744.html

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