Pelangio Exploration Inc (PGXPF)

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Canada Nickel releases Crawford Nickel Project feasibility study
Jocelyn Aspa Jocelyn Aspa, The Market Herald



https://stockhouse.com/news/the-market-herald-news/2023/10/12/canada-nickel-releases-crawford-nickel-project-feasibility-study

Pelangio's Mann Property
The Mann property is located in Mann Township 50 km northeast of the City of Timmins and
covers an area of approximately 2 km2.
The patented claims cover a portion of a large ultramafic complex that is prospective for nickel,
copper and cobalt.
Some historical untested EM anomalies are present on the property. No recent
work of significance has been conducted on the property.
It's inside Canada Nickel - Crawford Nickel Project -
feasibility study
Jocelyn Aspa Jocelyn Aspa, The Market Herald;

https://pelangio.com/projects/canada/additional-properties/

Canada Nickel (TSXV:CNC) has released a feasibility study for its Crawford Nickel Sulphide Project in Ontario
The project is the world’s second-largest nickel reserve and will become one of Canada’s largest carbon storage facilities
The study highlights the potential use of trolley-assisted trucking and the company’s carbon capture and storage technology
Shares of Canada Nickel are down 3.17 per cent to C$1.22 as of 11:52 am ET
Canada Nickel (TSXV:CNC) released a bankable feasibility study for its Crawford Nickel Sulphide Project in Ontario, highlighting the potential use of trolley-assisted trucking and the company’s carbon capture storage technology.

In a news release, the company stated the study displayed an after-tax NPV discount of US$2.5 billion and internal rate of 17.1 per cent, based on a long-term nickel price of $21,000 per ton and oil price of $70 per barrel.

It is estimated that the project is the world’s second-largest nickel reserve and, once in production, is expected to become one of Canada’s largest carbon storage facilities.

The project is also expected to be a net negative contributor of C02 over the project’s lifespan.

“This bankable feasibility study is a significant milestone for Crawford and a major step forward in demonstrating the value of our Timmins Nickel District and its potential to anchor a Zero Carbon Industrial Cluster in the Timmins-Cochrane region,” Mark Selby, CEO of Canada Nickel, said in a statement. “Crawford is poised to be a leader in the energy transition through the large-scale production of critical minerals, including nickel and cobalt, and is expected to become the sole North American producer of chromium, while also supporting Canada’s climate objectives through industrial-scale carbon capture and storage.”

Other highlights from the bankable feasibility study include:

a large initial mineral reserve anchored by a large mineral resource
proven and probable reserves of 3.8 million tons contained nickel from 1.7 billion tons of ore grading 0.22 per cent nickel
large scale, low cost and long life
an annual average nickel production of 83 million pounds over a 41-year life
The project will also be a conventional open pit mine and mill operation built in two phases.

Canada Nickel is focused on obtaining permits, developing a financing package and moving towards a production decision by 2025. The company anticipates first production by the end of 2027.

Shares of Canada Nickel are down 3.17 per cent to C$1.22 as of 11:52 am ET.

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