Crawford Economics and Viability – Canada Nickel Company (TSX.V: CNC)

Canada Nickel (TSXV: CNC | OTCQX: CNIKF) is aggressively advancing its wholly-owned Crawford Nickel-Sulphide Project, a new nickel sulphide discovery in the heart of the prolific Timmins mining camp located in northeastern Ontario. The project is located adjacent to a provincial highway with all major mining support infrastructure including highway, power, rail, in place.

In May 2021, just 20 months after drilling commenced at the project, Canada Nickel completed its Preliminary Economic Assessment (PEA), which confirmed robust economics showing an after-tax NPV8% of US$1.2 billion and an after-tax IRR of 16%. The PEA demonstrates that the Crawford Project has the potential to be one of the largest nickel-sulphide operations globally, producing 1.9 billion pounds (842kt) of nickel over a 25-year life of mine, with net cash costs of just over US$1 per pound ($2,400/t). Based on the Preliminary Economic Assessment (PEA) filed in July 2021, the Crawford Nickel-Sulphide Project is proposed to be an open pit mining operation with Life of Mine strip ratio of waste to ore of 2.08. Canada Nickel has begun its Feasibility Study which it expects to complete in the second half of 2022, just three years after initial drilling commenced.

Canada Nickel PEA Highlights:

• Completed Preliminary Economic Assessment on wholly-owned Crawford Nickel Sulphide Project $US1.2 billion NPV_8% and 16% IRR. . Initial capital expenditures for Phase I construction of US$1.2 Bil. Feasibility study scheduled for second half 2022.  

• One of the top 10 nickel sulphide resources globally, with significant expansion potential from regional land package

• Peak production of 42ktpa of nickel – would be one of five largest nickel sulphide operations when in production.  25 year mine life generates 842kt of nickel, 21 Mt of iron, and 1.5 Mt of chrome.

• First percentile CO2e intensity according to Skarn Associates.  Launched wholly-owned NetZero Metals Inc. to develop zero-carbon production of Nickel, Cobalt and Iron and applied for the trademarks NetZero Nickel^TM, NetZero Cobalt^TM and NetZero Iron^TM across several jurisdiction

Based on the results of the PEA, Crawford is expected to produce two nickel concentrates, a high-grade concentrate expected to be the world’s highest-grade nickel concentrate at 35% nickel, a standard grade concentrate containing 12% nickel, and an iron concentrate containing chrome targeting the stainless steel market. The PEA had all products focused on the stainless steel market while the feasibility study is expected to have roughly equal amounts of nickel delivered into both the EV and stainless market. In April 2021, the company commenced an Environmental and Social Impact Assessment, as it actively advances the permitting for the project to allow Crawford to begin production by the middle part of the decade when the Company expects the nickel market to be entering one of its “supercycles”, which occur every 15 to 20 years.

For more information, please visit www.canadanickel.com or www.insidexploration.com/cnc/ and be sure to follow Insidexploration through our various social media platforms.

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Disclaimer

The content of this video contain forward looking statements and are subject to change. We caution the viewer that this video is for informational purposes and should not be considered investing advice. Prior to making investment decisions, we encourage you consult a financial advisor and always do your own due diligence.