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Flying Nickel Engages Lycopodium to Conduct Feasibility Study on Minago Nickel Project in Thompson Nickel Belt, Manitoba
Vancouver, British Columbia--(Newsfile Corp. - March 16, 2022) - Flying Nickel Mining Corp.&#...
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[{"type":"text","content":"Flying Nickel Engages Lycopodium to Conduct Feasibility Study on Minago Nickel Project in Thompson Nickel Belt, ManitobaVancouver, British Columbia--(Newsfile Corp. - March 16, 2022) - Flying Nickel Mining Corp. (TSXV: FLYN) (\"Flying Nickel\" or the \"Company\") is pleased to announce it has commissioned a Feasibility Study (\"FS\") in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\") in respect of its Minago nickel project, located in the Thompson nickel belt, Manitoba, Canada.The FS will be prepared in collaboration amongst Lycopodium (project cost estimate, processing and infrastructure), AGP Mining Consultants (mineral reserves, pit optimization), Mercator Geological Services (geology and mineral resource), and Trek Geotechnical (geotechnical, tailings and waste management). The FS is expected to take nine months to complete.Minago currently has an NI 43-101 compliant Measured and Indicated resource of 722Mlbs contained nickel grading 0.74% and Inferred resource of 319Mlbs contained nickel also grading 0.74%. This technical report, completed by Mercator and AGP, has an effective date of July 2, 2021, and is available under the Company's profile on SEDAR. A majority of the resource is open pit optimized.The FS will adhere to the parameters in the approved 2011 Environmental Act License (\"EAL\"), which permits a 10,000 tonne-per-day open-pit mining operation at Minago. The EAL is currently valid, pending the approval of a Notice of Alteration (\"NOA\") involving a minor change to the plant layout. The NOA was submitted in late 2021, and the EAL is expected to be reissued to Flying Nickel in Q2 2022. This is the final permitting hurdle for Flying Nickel to commence Minago mine construction. No federal permit is required for Minago. Dan Oosterman, CEO, commented: \"Minago is one of the few open-pit optimized nickel sulphide projects in North America with an excellent nickel grade of 0.74% that is a pure nickel play. Minago is in the Thompson nickel belt in Manitoba, North America's second largest historic nickel camp with excellent infrastructure. The potential future Minago operation could possibly have one of the lowest carbon footprints in the world as the Province of Manitoba is 97% hydro-powered, producing concentrate for Class 1 nickel products that a...