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Prophecy Platinum Corp. (TSXV:NKL,OTCQX:PNIKF,FWB:P94P) announced results of an independent NI 43-101 compliant Preliminary Economic Assessment or its 100% owned Wellgreen Ni-Cu-PGM project, located in the Yukon.
As quoted in the press release:
The independent PEA, prepared by Tetra Tech, evaluated a base case of an open-pit mine (111,500 tonne/day mining rate), an onsite concentrator (32,000 tonne/day milling rate) and an initial capital cost of $863 million. The project is expected to produce (in concentrate) 1.959 billion pounds of nickel, 2.058 billion pounds of copper and 7.119 million ounces of platinum+palladium+gold over 37 year mine life with an average strip ratio of 2.57.
Prophecy Chairman John Lee said:
“We are pleased with the PEA results. The numbers indicate Wellgreen as one of most exciting mineral projects in Yukon. The Company is currently drilling to both upgrade and expand the resource base. The infrastructure is excellent as the project is merely 1,400 meters in altitude and 14 km from the paved Alaska Highway that leads to Haines deep seaport. Discussions are underway with support from local stakeholders regarding permitting and logistics.”
Click here to read the Prophecy Platinum Corp. (TSXV:NKL) press release
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