| Announcement Date: | 2022-08-22 |
|---|---|
| Announcement Type: | PEA |
| Announcement Code: | NI43-101 |
| Company name: | Canada Nickel Company Inc. |
| Project name: | Crawford |
| Location: | Canada |
| Commodities: | Palladium,Platinum,Nickel,Iron,Cobalt,Chromium |
| Highlight: | PEA result incl. Post Tax NPV (8%) of USD $1187M & IRR of 15.8% |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | This section (except 1.1, 1.4 to 1.9, 1.10, 1.11, 1.23, 1.24.2) has been taken directly from the technical report titled, “Crawford Nickel Sulphide Project: NI 43-101 Technical Report & Preliminary Economic Assessment”, dated July 9, 2021, and with an effective date of May 21, 2021 (the “2021 PEA”). The mineral resource estimate update, as described in this Report, does not have a negative impact on or otherwise adversely affect the mineral resource inventory that formed the basis of the 2021 PEA. The results and conclusions of the 2021 PEA are still considered current and therefore have been carried-over for this Report. 1.1 Introduction This report (the “Report”) was prepared by Caracle Creek International Consulting Inc (Caracle Creek) with support from Ausenco Engineering Canada Inc. (Ausenco), and Wood Environment & Infrastructure Solutions Canada Limited (Wood) (collectively the “Authors”) for Canada Nickel Company Inc. (CNC) to provide the updated mineral resource estimate as announced by CNC on July 6, 2022 and to re-iterate the results of the Crawford Nickel Sulphide Project Preliminary Economic Assessment (PEA) dated July 9, 2021 and with an effective date of May 21, 2021. |
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