Mindoro Resources Ltd (TSXV:MIO,ASX:MDO) reported positive results from key development studies on the Agata nickel project.

As quoted in the press release:

The Stage 1 Scoping Study indicates improved economics for direct shipping ore (DSO) production and the potential to produce a high-value, upgraded, nickel-iron concentrate. The Stage 2 hydrometallurgical project Pre-feasibility Study (PFS) confirms a low operating cost (US$2.60/lb Ni), 20-year project with a post-tax NPV of US$380 million and IRR of 14% assuming US$10/lb nickel, 8% discount rate, including estimate contingency of 14% but excluding project contingency.

Click here to read the Mindoro Resources Ltd (TSXV:MIO) press release.