(TSX: TLO; US-OTC: TLOFF) has announced a preliminary economic assessment for the Tamarack zone at its Tamarack North nickel-copper-cobalt project in Minnesota.
The study assigns the project a US$210 million after-tax net present value at a 7% discount rate and a 38.8% after-tax internal rate of return with payback in 2.1 years.
The project would require US$174.31 million in initial capital and US$8.2 million in sustaining capital. It would produce 23.3 million lb. nickel and 11.1 million lb. copper per year over a seven-year mine life, processing 1,390 tonnes per day.
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