Turnagain Ni-Co Project PFS: $2.00B Capex Over a 30-Year Mine Life
Giga Metals Corp.'s Turnagain Ni-Co Project in Canada, British Columbia (Northwest BC) 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 Canada, British Columbia (Northwest BC). It reflects Giga Metals Corp.'s (GIGA.V) latest disclosed economics for the asset.
Economics. Initial capital expenditure is estimated at $2.00B.
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. The open-pit strip ratio is 0.4:1.
Resources and ownership. Mineral reserves: Proven: 408 Mt at 0.219% Ni (1,970 Mlbs contained Ni), 0.013% Co (121 Mlbs contained Co); Probable: 542 Mt at 0.194% Ni (2,326 Mlbs contained Ni), 0.012% Co (146 Mlbs contained Co); Total: 950 Mt at 0.205% Ni (4,296 Mlbs contained Ni), 0.013% Co (267 Mlbs contained Co). Mineral resources: Measured & Indicated: 1,574 Mt at 0.210% Ni (7,454 Mlbs contained Ni), 0.013% Co (452 Mlbs contained Co); Inferred: 1,164 Mt at 0.206% Ni (5,302 Mlbs contained Ni), 0.012% Co (316 Mlbs contained Co). 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.