{"id":1206378,"date":"2020-09-09T12:59:33","date_gmt":"2020-09-09T17:59:33","guid":{"rendered":"https:\/\/resourceworld.com\/?p=59695"},"modified":"2020-09-09T12:59:33","modified_gmt":"2020-09-09T17:59:33","slug":"fpx-nickel-posts-positive-baptiste-project-pea","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1206378","title":{"rendered":"FPX Nickel posts positive Baptiste Project PEA"},"content":{"rendered":"

FPX Nickel Corp.<\/strong> [FPX<\/a>-TSXV; FPOCF<\/a>-OTC] has received positive results from the 2020 preliminary economic assessment (PEA) for the Baptiste Project at its wholly-owned Decar nickel district 80 km north of Fort St. James, central British Columbia. The PEA was prepared in accordance with NI 43-101 standards by BBA Inc. of Montreal, Canada, with work on mine planning and tailings by Stantec Inc. of Vancouver, Canada.<\/p>\n

Production and economic highlights<\/strong><\/p>\n

Mine life of 35 years and after-tax payback of 4.0 years;<\/p>\n

After-tax net present value (NPV) (8%) of US$1.72-billion and internal rate of return (IRR) of 18.3%;<\/p>\n

Average nickel production of 99 million pounds per year;<\/p>\n

Average C1 operating costs of US$2.74 per pound nickel and all-in sustaining costs (AISC) of US$3.12 per lb nickel;<\/p>\n

Average US$481-million of annual earnings before royalties, taxes and depreciation.<\/p>\n

\u201cThis PEA establishes Baptiste as a premier large-scale nickel project,\u201d commented FPX Nickel’s President and CEO, Martin Turenne. \u201cThe project has the potential to be a significant global nickel operation, with a multigenerational operating life and average annual production of 99 million pounds of contained nickel. Baptiste’s enormous scale, combined with low C1 operating costs of US$2.74 per lb, has the potential to deliver robust operating margins throughout the nickel price cycle, generating average earnings (before royalties, taxes and depreciation) of US$481-million per year and an after-tax NPV of US$1.7-billion. With its proximity to zero-carbon hydroelectric power, the fact that its nickel product can bypass smelters for direct sale to end-users, and the carbon-absorbing properties of Baptiste host rock, the project is well positioned to address the growing market demand for environmentally sustainable nickel production.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

FPX Nickel Corp. [FPX-TSXV; FPOCF-OTC] has received positive results from the 2020 preliminary economic assessment…<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[539,622],"tags":[22],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1206378"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1206378"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1206378\/revisions"}],"predecessor-version":[{"id":1206379,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1206378\/revisions\/1206379"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1206378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1206378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1206378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}