Calibre strikes high-grade gold near Valentine mine build as production nears
The Valentine project, 85% complete as of this month, remains on track to pour its first gold in the second quarter next year.
FPX Nickel (TSXV: FPX) has commenced a preliminary feasibility study (PFS) for its Baptiste nickel project located in central British Columbia.
The PFS marks the culmination of the extensive de-risking and optimization program that has been undertaken since the issuance of the 2020 preliminary economic assessment. It is expected to be completed in September 2023.
The PFS will present two strategic options, including the base case and a secondary option.
The base case entails the production of a high-grade awaruite concentrate (50-65% nickel) for direct feed to the stainless steel market, utilizing a simple and robust concentrator flowsheet that is only possible due to Baptiste’s awaruite mineralization.
The secondary option involves further upgrading of the high-grade awaruite concentrate to produce battery-grade nickel sulphate and cobalt-rich products for the electric vehicle battery supply chain, utilizing moderate leaching conditions and standard hydrometallurgical unit operations.
“Since completion of the 2020 PEA, we have consistently applied a major company-style mindset to project development, and believe the PFS will confirm Baptiste as a peer-leading development-stage nickel project, highlighting its potential for large-scale, low-cost and low-carbon nickel production spanning multiple decades,” CEO Martin Turenne said in a news release.
