Crawford Nickel Sulphide Project : Canada Nickel Company unveils bankable feasibility study

Canada Nickel Company Inc. has filed a Bankable Feasibility Study (BFS) for its Crawford Nickel Sulphide Project, positioned to become a significant player in the nickel mining industry. Located in Timmins, Ontario, Crawford is touted as the world’s second-largest nickel reserve. The BFS, prepared by Ausenco Engineering Canada Inc., details the project’s robust economics, including a $2.5 billion after-tax NPV8% and 17.1% IRR, which further increases with projected Carbon Capture and Storage tax credits.

Crawford Nickel Sulphide Project – Economic and Environmental Highlights

The Crawford 2023 BFS highlights include a large initial mineral reserve, with Proven & Probable reserves of 3.8 million tonnes contained nickel. The project promises large scale, low cost, and long life, projecting annual revenue exceeding $48 billion over its lifetime. Notably, the BFS reveals a significant improvement in nickel recoveries compared to previous estimates. Additionally, the project is expected to be a net negative contributor of CO2, aligning with current environmental goals.

Projected Revenue and Cost Efficiency

Crawford’s anticipated revenue surpasses $48 billion, with projected annual EBITDA of $810 million and Free Cash Flow (FCF) of $540 million during its peak period. The project’s net life-of-mine C1 cash cost of $0.39/lb nickel places it in the first quartile of the cost curve, highlighting its cost efficiency.

Minimization of Carbon Footprint

A key feature of the Crawford Nickel Sulphide Project is its minimal carbon footprint, primarily due to its electrically powered mining fleet. The implementation of the company’s proprietary In-Process Tailings (IPT) Carbonation process is expected to capture and store significant CO2 amounts, further reducing its environmental impact.

Advancing Towards Sustainable Nickel Mining

Canada Nickel Company’s Crawford project is set to become one of Canada’s largest carbon storage facilities, emphasizing its commitment to sustainable mining practices. This approach is expected to position Canada Nickel as a leader in environmentally responsible mineral extraction.

Crawford Nickel Sulphide Project – A Beacon of Sustainable Mining

The Crawford Nickel Sulphide Project stands as a testament to Canada Nickel Company Inc.’s dedication to economic viability and environmental stewardship in the nickel mining sector. The BFS underscores the project’s potential to revolutionize the industry with its combination of economic robustness and minimal carbon footprint.