Total measured and indicate resources now stand at 657 million tonnes grading 0.26% nickel for 1.7 million tonnes of contained nickel, a 9% increase from the previous estimate.
The future of the mine in Canada’s Northwest Territories remains uncertain after the company announced that a deal to sell it to a subsidiary owned by its parent company, The Washington Companies, has fallen apart.
Appian Capital Advisory’s Atlantic Nickel has released the results from a preliminary economic assessment (PEA) of its wholly owned Santa Rita nickel-copper-cobalt mine in northeastern Brazil.