Baker nickel project, Australia
Name of the Project
Baker nickel project.
Location
In the heart of Kambalda, in Western Australia.
Project Owner/s
Lunnon Metals.
Project Description
A prefeasibility study (PFS) completed in May 2023 confirmed that the Baker project is a commercially robust high-grade nickel sulphide orebody that will produce a premium nickel concentrate over a life-of-mine of 35 months.
Initial probable ore reserves have been estimated at 612 000 t, averaging 2.86% nickel for 17 500 t
of contained nickel.
Nickel contained in concentrate is estimated at 15 970 t.
The PFS leaves significant future upside potential, with a depth of mining of less than 200 m below surface and the deposit remaining open down plunge.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has an estimated pretax net present value, at an 8% discount rate, of A$164-million and 324% internal rate of return, with a payback of seven months.
Capital Expenditure
Preproduction capital is estimated at A$30-million.
Planned Start/End Date
Lunnon has indicated that the results of the PFS will allow for detailed offtake discussions for the project.
Lunnon plans to continue further studies, as it looks to build on its initial ore reserve for the Kambalda nickel project, which comes less than two years since listing and 18 months after the Baker discovery.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Lunnon Metals, tel +61 8 6424 8848 or email info@lunnonmetals.com.au.
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