FPX Nickel’s PFS Shows After-tax NPV8% of US$2.01B & IRR of 18.6% at a Conservative $8.75/lb Nickel
FPX Nickel (TSX-V: FPX, OTCQB: FPOCF) just released its preliminary feasibility study results for its 100%-owned Baptiste Nickel Project in central British Columbia, with an after-tax NPV8% of US$2.01 Billion and IRR of 18.6% at $8.75 /lb Ni. The PFS demonstrates the potential to develop a high-margin, long-life, large-scale, and low-carbon mine with unparalleled flexibility to produce either a high-grade concentrate (60% nickel) for direct feed into the stainless steel industry or further refining into battery-grade nickel sulphate, cobalt precipitate, and copper concentrate products for the battery material supply chain.
CEO Martin Turenne stated: “The PFS firmly establishes Baptiste as a key strategic asset in the development of Canada’s critical minerals supply chain. Despite the inflationary pressures observed in the mining industry in recent years, the study has yielded after-tax NPV and IRR superior to those observed in the 2020 preliminary economic assessment, reflecting greater engineering maturity and incorporating the several optimizations identified by our class-leading project team in regards to resource modelling, mine planning, process recovery, and site design. The Baptiste project represents a significant opportunity for First Nations, the governments of British Columbia and Canada, and FPX to work together to develop a project that creates substantial and sustainable benefits while protecting the environment for future generations. We look forward to continued collaboration with local Indigenous groups, and the provincial and federal governments to support the development of Canada’s critical minerals ecosystem and to leverage health, economic and social benefits for local communities.”
0:00 Introduction
0:38 PFS overview and comparison to peers
10:14 FPX Nickel’s relationship with First Nations
13:04 Exploration partnership with JOGMEC
15:06 Q4 upcoming catalysts with apprx C$30M treasury
