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Sherritt International Corp.
Summary
| Project: | Moa | |
|---|---|---|
| Deposit: | Moa | |
| Location: | Cuba | |
| Commodities: | Nickel-Cobalt-Iron | |
| Date: | 6/26/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 26-6-2019: Sherritt International Corp. announces a Resource Estimation report for its Moa deposit at the Moa project. Updated mineral resource and ore reserve at project. Sherritt International Corporation (Sherritt) and General Nickel Company S.A. (GNC) | |
| Resources: | (Reserve, P+P): 53.4Mt @ 1.16% Ni, 0.13% Co, 41.95% Fe | |
| CP/QP: | [Resources]: Adrian Martinez (CSA Global Pty Ltd.) | |
| ABSTRACT: | Sherritt International Corporation (Sherritt) and General Nickel Company S.A. (GNC), a Cuban State company, are partners in the Moa Joint Venture (Moa JV), an enterprise that explores, develops, mines and processes nickel laterite deposits in eastern Cuba for refining into finished nickel and cobalt in Canada that is marketed to customers internationally. The regional development program of the Moa JV includes several geographically separate projects across a large area spanning more than 100 km2 along the north-eastern coastal region of the island of Cuba. Moa Nickel S.A. (Moa Nickel), one of the three companies of the Moa JV, owns and operates the mining and processing facilities located at Moa, Cuba. Since its creation in 1994, the primary focus of Moa Nickel has been on the mining and processing of a group of deposits that are referred to, collectively, as the Central Moa deposits that lie immediately to the south and west of the city of Moa on the north-eastern coast (Figure 1). In 2006, Moa Nickel acquired and started exploring three concessions located 10–15 km southeast of the Moa Nickel processing plant and 3–10 km southeast of the town of Punta Gorda. These new concessions are referred as the Satellite deposits (Figure 1). This Report provides the technical and economic information that supports the updated Mineral Resource and Mineral Reserve estimates for the Moa operation, including both Central Moa and the Satellite deposits. The deposits over which Moa Nickel has mining or exploration rights are spread over a number of separate mineral concessions, as shown in Figure 2. The main active areas are Zona Central (formerly part of Moa Occidental), Moa Oriental and Camarioca Norte. Mining operations in Camarioca Sur will commence in 2023. | |
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