Canada Nickel submits Crawford’s federal impact statement
TSX-V-listed Canada Nickel has begun the submission of a federal impact statement for its Crawford nickel sulphide project and expects to complete this submission within the next six weeks.
The federal impact statement includes critical baseline data and analysis of the environmental, social and economic effects of the project.
Canada Nickel says the findings within the submission are a result of extensive consultations with Indigenous Nations, local communities, government agencies, subject matter experts, and key stakeholders.
"The submission of our federal impact statement for the project represents another major milestone for the company and brings us one step closer to securing our permits, which we are targeting in 2025," says CEO Mark Selby.
He notes that the Crawford nickel sulphide project is well-positioned to drive regional economic growth and produce critical minerals.
The Crawford mine is expected to produce 83-million pounds (38 000 t) of nickel a year over a 41-year life, with production of 48 000 t/y of 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.
An October 2023 bankable feasibility study (BFS) calculates net life-of-mine C1 cash costs of $0.39/lb nickel, placing Crawford in the first quartile of the cost curve. Net all-in sustaining costs are $1.21/lb nickel.
On average, Crawford is projected to earn revenue of $1-billion a year and deliver free cashflow of $546-million.
The BFS pegs capital costs at $1.9-billion for the initial phase, which will have a throughput of 60 000 t/y. The second phase, planned for commissioning during the fourth year, will double mill throughput to 120 000 t/d at a cost of $1.6-billion.
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