What are the odds Wellgreen
has been modelled with -
5 mine pits ?
What are the odds there's...
5 - 100% interest parties under, Nickel Creek Platinum Corp ?
2023 pfs metal payables = approx 25% of full resource close to... 1/5 tease
2018 Financials Page 7
https://s21.q4cdn.com/491660439/files/doc_financials/2018/Annual-Information-Form-for-the-Year-Ended-December-31-2018[1].pdf
In this same 2018 Financial report
Page 17 copper, nickel, and cobalt are assayed by four-acid “
near total” digestion ICP-ES and are reported
in percent
Page 19 ( 2 concentrates ) On March 1, 2017, the Company announced the results of the
Phase 1 Metallurgical Program which achieved the production of a quality, saleable
bulk Ni-Cu-PGM concentrate at
11.9% Ni-Cu grade for the Peridotite domain and at
14.3% Ni-Cu grade for the Clinopyroxenite domain. The completed testwork demonstrated that the geometallurgical domains are, and as such they will be referred to as: (i) Peridotite, which makes up the largest part of the resource, and (ii) Clinopyroxenite, which makes up a smaller part of the resource.
Page 19 Phase 2 Metallurgical Program: MPP = 1 concentrate ? ( looks that way ) bulk
Cu/Ni concentrate with grades of
6.1% Ni and
3.1% Cu (total 9.1% )
Ni+Cu) at recoveries of:
R% Ni = 53.3%, R% Cu = 59.6%, R% Co = 57.0%, R% Pt = 47.9%, R%
Pd = 53.9% and R% Au = 74.4%
Separate Ni/Cu concentrate grades based upon the observed metal split factors from the Cu/Ni
separation locked cycle test and adjusted for process scaleup include:
Cu concentrate grading
18.0% containing 1.1% Ni, 4.7 g/t Pt+Pd+Au.
Ni concentrate grading
6.7% containing 1.3% Cu, 0.36% Co, and 8.4 g/t Pt+Pd+Au.
Under the threshold = no penalty on payable Magnesium oxide (MgO), which at high levels is a common smelter penalty charge, measured 5.6% in the bulk CuNi concentrate, confirming that it and other potential deleterious elements, inclusive of arsenic, are below penalty threshold levels as advised by nickel smelters.
2023 PFS 6 Eq concentrates -
which one did they choose ? https://ceo.ca/@newswire/nickel-creek-platinum-announces-positive-pfs-for-its
Phase 1 results in pink ^ look great Bulk = all metals in bulk payable
How many years from 2018 - 2023 pfs spent on phase 2 ( a,b )
Versus Phase 1 2017
= what if they kept 2017 phase 1 and worked on pulling pgm + exotics out ?
= room for sep iron credit using just 1 con ( vs many cons )
Magnesium measured
5.6% in the bulk CuNi concentrate
vs
2023 pfs grade = 16.92 %
16.92 % Mg
- 5.6 % loss in bulk con
= 11.32 % x 437 million tonnes
=
49,468,400 tonnes
x $450 / t Mg oxide = $ 22.2 billion
2023 pfs also reveals 0.68 %
sulphur credit https://ceo.ca/@newswire/nickel-creek-platinum-announces-positive-pfs-for-its
2018 Press Sept. 25, 2018 During the course of the Phase II Metallurgical Program, the Company reported that it had identified a strong correlation between nickel recovery and total sulphide content (see news release dated July 10, 2018). Specifically, it was determined that the presence of sulphides (namely sulphur in pyrrhotite) was an important marker of nickel recovery, meaning that the
areas of higher sulphur yielded higher recoveries, The Company has analysed the impact of this new relationship on the Project. The nickel recovery correlation to sulphur results in a reduction in the average nickel recoveries to levels below those observed in our Phase II Metallurgical Program. By applying the nickel sulphur recovery formula discussed above, the Company estimates that the Project's 2017 stated mineral resource tonnage would be reduced by approximately 10% using a nickel price of US$8.25 per pound (see table below). https://www.nickelcreekplatinum.com/investors/news-releases/press-release-details/2018/Nickel-Creek-Provides-Update-on-Nickel-Shw-Project/default.aspx
Wellgreen = Ni sulphide and ( ss nickel silicates if one tries for it
vs deduct 0.10% )
MET used sulphur acid
PFS has sulphur credit
Make sense ?
Cheers...