Quadra FNX and Xstrata Nickel to create an access arrangement on the Craig Mine
Quadra FNX Mining Ltd. ("Quadra FNX" or the "Company") (TSX:QUX) and Xstrata Nickel have signed a term sheet to utilize the Craig mine shaft and related underground infrastructure to further develop and operate the Levack mine, including the Morrison deposit. All amounts are in US dollars.
Quadra FNX expects that the use of Xstrata Nickel's Craig infrastructure will significantly improve the operational flexibility of the Morrison deposit and provide additional mining and drill access in the lower portions of this high grade ore body. The additional development and improved efficiency is expected to have a positive impact on production.