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SNC-Lavalin selected as Alliance Partner on the Clean TeQ Sunrise Project
Dec. 20, 2017 09:17AM PST
Critical Minerals InvestingSNC-Lavalin (TSX: SNC) is delighted to announce that it has been selected as an Alliance partner by Clean TeQ Holdings in the development of Clean TeQ Sunrise, a world-class nickel, cobalt and scandium project based in New South Wales, Australia. Under the first phase of the Alliance Development Agreement, SNC-Lavalin, in alliance with CB&I and Clean …
SNC-Lavalin (TSX: SNC) is delighted to announce that it has been selected as an Alliance partner by Clean TeQ Holdings in the development of Clean TeQ Sunrise, a world-class nickel, cobalt and scandium project based in New South Wales, Australia.
Under the first phase of the Alliance Development Agreement, SNC-Lavalin, in alliance with CB&I and Clean TeQ, will produce a project proposal and target cost estimate to bring the project to Final Investment Decision (FID) in mid 2018. This will include provision to provide engineering, procurement and construction services.
SNC-Lavalin is currently working with Clean TeQ to execute the Definitive Feasibility Study (DFS) which is planned for completion in early 2018. In addition, the Front End Engineering Design (FEED) for high-pressure acid leaching circuit (HPAL), acid plant and power generation was awarded to SNC-Lavalin in September 2017.
Clean TeQ Sunrise is one of the highest grade and largest nickel and cobalt deposit outside of Africa and one of the largest and highest grade scandium deposits in the world.