Mincor outlines robust nickel plan
27th March 2020
Resources Rising Stars
The definitive feasibility study for Mincor Resources’ Kambalda restart has confirmed the economic viability of the proposed operation (reports MiningNews).
Capital costs are estimated to be A$68 million for a five-year operation to produce about 14,000 tonnes of nickel per annum at unit costs of $3.36 per pound (US$2.35/lb) and all-in sustaining costs of $4.47/lb (US$3.13/lb).
Nickel production is expected to peak at over 16,000tpa in FY23 and FY24.
The high-grade Cassini mine, which will deliver 56% of projected production, is expected to have average unit costs of $2.71/lb and AISC of $3.81/lb.
The study was based on reserves of 2.3 million tonnes at 2.8% nickel for 65,400 tonnes of contained nickel, up 132%.
The estimate included a maiden reserve for Cassini of 1.05Mt at 3.3% nickel for 34,300t of nickel.
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