https://www.engineeringnews.co.za

Saints to advance to PFS

11th April 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

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.”

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Airshrink - CiP
Airshrink - CiP

At Airshrink - CiP, we surpass customer expectations with innovative MV and LV cable accessories, including heat shrink joints, terminations,...

VISIT SHOWROOM 
AirNox Pty Ltd
AirNox Pty Ltd

AirNox (Pty) Ltd is a level 1 BBBEE manufacturer of complete AdBlue® solutions for operators of SCR diesel engines and AUS40 across South Africa...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.055 0.953s - 140pq - 2rq
Subscribe Now