Amid growing demand for critical minerals, Canadian exploration and development company Nickel Creek Platinum has unveiled the results of a positive prefeasibility study for its Nickel Shäw project, in Yukon.
The study, prepared by AGP Consultants, is based on Nickel Shäw producing a yearly average of 29.1-million pounds of nickel, 9.1-million pounds of copper, 1.1-million pounds of cobalt, 27 400 oz of platinum, 36 200 oz of palladium and 7 700 oz of gold. The PFS estimates an after-tax net present value , at a 5% discount rate, of C$143-million, with an after-tax internal rate of return of 5.8%.highlights that there are opportunities to improve the project economics, notably in terms of energy costs.
“The sensitivity to energy costs illustrates how working with the different levels of government can lead to a significant improvement in value, especially when combined with the previously announced intention of the federal government to provide a tax incentive for critical mineral projects such as Nickel Shäw,” says Harshaw.
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