| Announcement Date: | 2023-02-28 |
|---|---|
| Announcement Type: | PEA |
| Announcement Code: | NI43-101 |
| Company name: | CaNickel Mining Ltd. |
| Project name: | Bucko Lake |
| Location: | Canada |
| Commodities: | Copper,Nickel |
| Highlight: | PEA result incl. Post Tax NPV (6%) of CAD $169.4M & IRR of 30% |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, British Columbia–(Newsfile Corp. – January 16, 2023) – CaNickel Mining Ltd. (TSXV: CML) (“CaNickel” or the “Company”) is pleased to release a summary of the results of a current independent Preliminary Economic Assessment (“PEA”) and Mineral Resource Estimate (“MRE”) on the Company’s Bucko Lake Mine (“the Project”) located 110 km southwest of Thompson, Manitoba near the Town of Wabowden. The PEA outlines a mine life of 13 years with average annual production of 7.8 million pounds of nickel at average cash costs and all-in sustaining costs (“AISC”) per pound of nickel of US$4.91 and US$6.48, respectively. All dollar figures in this news release are Canadian unless otherwise stated. |
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