Saints to advance to PFS
PERTH (miningweekly.com) – A scoping study into the Saints nickel project, in Western Australia, has estimated a capital cost of A$10.68-million to develop the project.
ASX-listed Future Battery Minerals on Tuesday reported that the scoping study considered a simple infrastructure and mine development supporting a toll treatment operation within close proximity to several third-party concentrators.
The scoping study estimated that based on the five-year life-of-mine, the project would have a pre-tax net present value of A$55.7-million and an internal rate of return of 362%.
“We are extremely pleased with the positive scoping study results and see this as a significant step forward in de-risking the Saints nickel project. When the company commenced the study, the aim was to understand the economics of the existing resource and the potential to commercialise and fund further exploration from the base of underground development,” said Future Battery Minerals executive chairperson Mike Edwards.
“The free cash flows generated by a simple and short-term underground mining operation of the existing high-grade resource now provide the company with the confidence to undertake a prefeasibility study and to continue exploration work. However, the project provides substantial upside if current nickel prices persist or if exploration successfully discovers further resources at depth to potentially extend the life-of-mine.”
Comments
Research Reports
Latest Multimedia
Latest News
Showroom
Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
