On the finish of Might, Canada Nickel launched a positive preliminary economic assessment for the Crawford nickel-chrome mission 40 km north of Timmins. Crawford is a sulphide deposit that would help a 25-year open pit mine and mill mission. Over that point, the mine is anticipated to provide 842,000 tonnes of nickel, 21 million tonnes of iron and 1.5 million tonnes of chrome.
The mission has an after-tax web current worth (8% low cost) of $1.2 billion and an after-tax inside fee of return of 16%. A traditional mill will produce excessive grade (35%) and normal (12%) grade nickel concentrates in addition to magnetite focus containing 45% to 50% iron and three% chrome.
The feasibility examine is underway and must be prepared by the center of subsequent yr. The Crawford mission is to be designed to produced 93% much less carbon dioxide emissions than the trade common.
(This text first appeared within the Canadian Mining Journal)