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Clean Teq Holdings Ltd.
Summary
| Project: | Sunrise | |
|---|---|---|
| Deposit: | Sunrise | |
| Location: | Australia | |
| Commodities: | Nickel-Cobalt | |
| Date: | 8/7/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 7-8-2018: Clean Teq Holdings Ltd. announces a Feasibility Study report for its Sunrise deposit at the Sunrise project. DFS results incl. post-tax NPV of US $1.39B (8%), IRR of 19.1% and 40+yr LOM at the project. SRK Consulting (Australasia) Pty Ltd (SRK) | |
| Resources: | (Reserve, P+P): 147.4Mt @ 0.56% Ni, 0.09% Co, 53ppm Sc | |
| CP/QP: | [Resources]: Lynn Widenbar (Widenbar and Associates Pty Ltd.) | |
| ABSTRACT: | SRK Consulting (Australasia) Pty Ltd (SRK) has prepared this Technical Report for Clean TeQ Holdings Ltd (Clean TeQ or the Company) who owns the Clean TeQ Sunrise Project (the Project) in central New South Wales, Australia. This Technical Report is based on review of, and work conducted as part of the Clean TeQ Sunrise Definitive Feasibility Study Report, (2018 DFS), the results of which were announced to the Australian Securities Exchange (ASX) and Toronto Stock Exchange (TSX) on 25 June 2018. This Technical Report provides an analysis of mining and processing ore through a High-Pressure Acid Leach (HPAL) / continuous Resin-in-Pulp (cRIP) process, to determine the economics of producing hydrated nickel sulphate (NiSO4.6H2O) and hydrated cobalt sulphate (CoSO4.7H2O) and scandium oxide (Sc2O3). The Mineral Resource Estimate (2017 Resource) was produced by independent consultants Widenbar & Associates, and Development & Mining Services (Kitto) in October 2017. This Mineral Resource was released to the Australian Securities Exchange (ASX) under the guidelines of the JORC Code (2012 Edition) and is re-reported in this Technical Report. The reported Mineral Reserve is based on the 2017 Mineral Resource Estimate | |
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