Turnagain Ni-Co Project PFS: $2.00B Capex Over a 30-Year Mine Life
Giga Metals Corp.'s Turnagain Ni-Co Project in Northwest British Columbia, Canada has a Pre-Feasibility Study (PFS) outlining initial capital of $2.00B. The mine plan runs 30 years at about 37000 t/y Ni + Co per year.
Giga Metals Corp.'s Turnagain Ni-Co Project has reported Pre-Feasibility Study (PFS) results for the nickel, cobalt project in Northwest British Columbia, Canada. It reflects Giga Metals Corp.'s (GIGA.V) latest disclosed economics for the asset.
Economics. Initial capital expenditure is estimated at $2.00B. All-in sustaining costs are pegged at 4.65 USD/lb Ni.
Production and mine plan. The project envisions an open-pit operation. Life of mine is 30 years. Average annual production is approximately 37000 t/y Ni + Co. Average head grade is 0.205% Ni, 0.013% Co (reserve avg). The open-pit strip ratio is 0.4:1.
Resources and ownership. The company holds a 85% interest in the project.
These figures are extracted from Giga Metals Corp.'s technical disclosures and reflect the most recent PFS on file. Compare this project against other developers and producers in our project economics database, and always verify the numbers against the original technical report before making any investment decision.
Reserves & Resources
| Category | Tonnage | Grade | Contained |
|---|---|---|---|
| Proven | 408 Mt | 0.219% Ni, 0.013% Co | 1,970 Mlbs Ni, 121 Mlbs Co |
| Probable | 542 Mt | 0.194% Ni, 0.012% Co | 2,326 Mlbs Ni, 146 Mlbs Co |
| Proven & Probable | 950 Mt | 0.205% Ni, 0.013% Co | 4,296 Mlbs Ni, 267 Mlbs Co |
| Category | Tonnage | Grade | Contained |
|---|---|---|---|
| Measured & Indicated | 1,574 Mt | 0.210% Ni, 0.013% Co | 7,454 Mlbs Ni, 452 Mlbs Co |
| Inferred | 1,164 Mt | 0.206% Ni, 0.012% Co | 5,302 Mlbs Ni, 316 Mlbs Co |