NICKEL STUDY: Economics improve at Minago project

MANITOBA - While working on the feasibility study for its 100-% owned Minago nickel project, Toronto-based Vic...

Topics

Commodities

Regions

Tags

Companies

MANITOBA - While working on the feasibility study for its 100-% owned Minago nickel project, Toronto-based Victory Nickel has tweaked its financial model and increased the internal rate of return (IRR) to 19.8% (up from 17.7% six months ago) and its net present value to $487.6 million (a gain of $85 million). Undiscounted cash flow will top $1 billion, according to the company.

Victory Nickel recently entered into an agreement to purchase refurbished electrical equipment for the main 230 kV/13.8 kV substation, the main electrical switch room and seven 13.8 kV/600 V unit substations for the process and service centres for the Minago mine site. Early installation of electrical capacity will reduce costs during the construction period. The company also saved 54% by purchasing refurbished equipment rather than new as originally planned.

Mineral resources at the Minago project, as well as the Lynn Lake, Lac Rocher and Mel deposits, are posted at www.VictoryNickel.com.

Comments

Your email address will not be published. Required fields are marked *

Aug 12 2021 - Aug 13 2021
Aug 17 2021 - Aug 18 2021
Aug 25 2021 - Aug 26 2021
Sep 07 2021 - Sep 09 2021