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FEASIBILITY STUDY Onca Puma nickel project

BRAZIL The feasibility study of the large Onca Puma laterite nickel project in the Para State is complete, accord...



BRAZIL The feasibility study of the large Onca Puma laterite nickel project in the Para State is complete, according to Vancouver-based CANICO RESOURCE CORP. The study covered development of an open pit mine and conventional pyrometallurgical smelter with a rotary kiln electric furnace.

The initial capital cost of the project will be US$762 million to build a mine and plant that will handle 1.28 million tonnes of ore/year and will start up in 2008. Another US$352 million will be needed to reach a production rate of 2.56 million tonnes of ore annually.

The Onca Puma deposit has proven and probable mineral reserves of 77.7 million tonnes grading 1.80% Ni (at a cut-off grade of 1.10%). That makes it, according to Canico, one of the world’s best-grade, undeveloped deposits of its kind. The deposit was discovered in the 1970s, and Canico acquired 100% of the property from Inco in 2003.

Details of the feasibility study can be viewed at www.Canico.com.


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