Mining Stock Education

FPX Nickel (TSX-V: FPX, OTCQB: FPOCF) just released its preliminary feasibility study results for its 100%-owned Baptiste Nickel Project in central British Columbia, with an after-tax NPV8% of US$2.01 Billion and IRR of 18.6% at $8.75 /lb Ni. The PFS demonstrates the potential to develop a high-margin, long-life, large-scale, and low-carbon mine with unparalleled flexibility to produce either a high-grade concentrate (60% nickel) for direct feed into the stainless steel industry or further refining into battery-grade nickel sulphate, cobalt precipitate, and copper concentrate products for the battery material supply chain. CEO Martin Turenne stated: “The PFS firmly establishes Baptiste as a key strategic asset in the development of Canada’s critical minerals supply chain. Despite the inflationary pressures observed in the mining industry in recent years, the study has yielded after-tax NPV and IRR superior to those observed in the 2020 preliminary economic assessment, reflecting greater engineering maturity