Name of the Project
Moa Joint Venture (JV) nickel/cobalt  mine expansion project.

Location
Moa, in Cuba, and Fort Saskatchewan, in Alberta, Canada.

Project Owner/s
Moa JV, a 50:50 JV between Sherritt and General Nickel Company.

Project Description
The project aims to capitalise on the growing demand for high-purity nickel and cobalt, driven by the accelerated adoption of electric vehicles. 

The life-of-mine at Moa will be extended beyond 2040 through the conversion of mineral resources into reserves using an economic cutoff grade.

Expansion plans for the Moa JV comprises a multiphased approach and includes:

• completion of the new slurry preparation plant and other expansion circuits at Moa;
• installation of new equipment and upgrading existing equipment at the refinery in Fort Saskatchewan;
• updating the NI 43-101 technical report, published in June 2019, which reported more than 158-million tonnes of measured and indicated resources at 1% nickel and 0.13% cobalt, to reflect production based on economic rather than a fixed, cutoff grade; and
• leveraging the expertise of Sherritt Technologies to optimise mine planning and performance.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
Not stated.

Planned Start/End Date
Sherritt expects to provide an update on the roll-out of the Moa JV expansion strategy by the end of the first quarter of 2022.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Sherritt, tel +1 416 924 4551 or email info@sherritt.com.