Business
EV Nickel Reports CarLang A PEA: Robust Economics for Large Scale Nickel Project
Pre-Tax NPV(8%) of $1.91 Billion Post-Tax NPV(8%) of $1.48 Billion Net C1 Cash Costs of...
About this update from Ev Nickel Inc.
[{"type":"text","content":"EV Nickel Reports CarLang A PEA: Robust Economics for Large Scale Nickel ProjectPre-Tax NPV(8%) of $1.91 BillionPost-Tax NPV(8%) of $1.48 BillionNet C1 Cash Costs of US$4.36/lb Ni and Net AISC of US$4.87/lb Ni after by-product creditsProducing 1.6B lbs of payable Ni over 20 year mine lifeAnnual EBITDA of C$681 Million and Annual Free Cash of C$313 Million(All amounts in Canadian Dollars unless otherwise indicated) TORONTO, ON / ACCESS Newswire / May 5, 2025 / EV NICKEL INC. (TSX-V:EVNI) (\"EVNi\" or the \"Company is pleased to report the results of a Preliminary Economic Assessment (\"PEA\") on its 100% owned CarLang A Nickel Project (the \"Project\"), located approximately 30 kilometres southeast of Timmins, Ontario. The PEA was prepared by SRK Consulting (Canada) Inc. (\"SRK\") and Caracle Creek International Consulting Inc. (\"CCIC\"). The updated PEA used a pit constrained Measured resource of 1,007 million tonnes (\"Mt\") grading 0.24% Ni, consisting of Indicated resource of 510 Mt grading 0.25% Ni and an Inferred mineral resource of 497 Mt grading 0.23% Niand was initially modeled with a 20-year mine life and 120,000 tonnes mined per day.\"This PEA Study demonstrates the excellent potential of the large scale CarLang A Nickel Project as a near surface, moderate capex production asset,\" said John Paterson, Interim President and CEO of EV Nickel. \"The shallow overburden cover and low strip ratio significantly reduces the overall Capex of the CarLang A project and allows for a rapid ramp-up of production to meet the 120,000 tonnes per day mill design. We are excited by these results and continue to move forward, advancing the permitting and optimizing the mine design and processing facilities. EV Nickel continues to execute our Strategic Plan, de-risking the large scale CarLang A Nickel Project while continuing to explore for additional high-quality, large-scale nickel deposits along the CarLang Trend and throughout the Shaw Dome Project area.\"\"The CarLang A Nickel Deposit demonstrates the potential of the CarLang Trend to host large-scale zones of mineralization suitable for advancement towards a production decision with significant expansion potential,\" said Paul Davis, Vice President Exploration of EV Nickel. \"When combined with our successful, ongoing exploration program, including the Gemini North Sulphide Nickel Z...