Canada Nickel has initiated the front-end engineering design phase.
Articles can be saved for quick future reference. This is a subscriber benefit. If you are already a subscriber, please log in to save this article. If you are not a subscriber, click on the View Subscription Options button to subscribe. The Crawford project will be a large-scale producer of critical minerals, including nickel and cobalt.
The operation will produce 83-million pounds of nickel a year over a 41-year life, with production of 48 000 t/y nickel, 8 000 t/y of cobalt, 13 000 oz/y of palladium and platinum, 1.6-million tonnes a year of iron and 76 000 t/y of chrome over its 27-year peak period.Net Present Value/Internal Rate of Return
The project has an estimated after-tax net present value, at an 8% discount rate, of $2.5-billion and an internal rate of return of 17.1%.Canada Nickel has initiated the front-end engineering design phase. Spearheaded by Ausenco Engineering Canada, the phase marks a significant step forward in the project’s development trajectory. The FEED phase is expected to conclude in August 2024.
Activities will be supported by data collected during the 2024 winter geotechnical programme, which is nearing completion. This programme has been designed to mitigate project risks and procure essential data, facilitating a smooth transition towards the start of construction upon the final investment decision.
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