Project Location | Project Profile | Stage |
Thompson Manitoba | 722M lbs indicated nickel @ 0.74 Ni 319M lbs inferred nickel @ 0.74% Ni |
Permitting Pre-Production |
Minago is located in the southern extent of the Thompson Nickel Belt (“TNB”). TNB is the 2nd largest nickel camp in Canada with over 5 billion pounds of past nickel production. Provincial Highway 6 and a high-voltage (230 kV) transmission line are within 1km from proposed Minago open-pit project area. Vale currently mines and produces nickel concentrates in Thompson. The Thompson nickel concentrates are shipped by rail to Vale’s Sudbury smelter for processing to refined nickel for customers such as Telsa.
An independent Minago mineral resource estimate (“MRE”) was published in August 2021 by Mercator Geological Services Limited (“Mercator”), AGP Mining Consultants, and Stantec Ltd. (“Stantec”).
Minago Project Mineral Resource Estimate – Effective July 2, 2021
Type | Ni % Cut-off | Category | Rounded Tonnes | Ni % | Ni lbs (millions) |
Open Pit | 0.25 | Measured and Indicated | 23,940 | 0.71 | 374 |
Inferred | 2,070 | 0.57 | 26 | ||
Underground | 0.5 | Measured and Indicated | 20,290 | 0.77 | 345 |
Inferred | 17,480 | 0.76 | 293 | ||
Combined | 0.25/0.50 | Measured and Indicated | 44,230 | 0.74 | 722 |
Inferred | 19,550 | 0.74 | 319 |
Minago has similar structural, geological and mineralogical characteristics to other deposits located on the Thompson Nickel Belt. Nickel mineralization at the Minago Project remains open at depth beyond 350 meters and along strike. Substantial volume of known nickel mineralization was excluded as a result of the cut-off grades applied. Flying Nickel believes that some of the excluded mineralization could be included in the contained in-situ nickel resource at higher nickel prices.
Issuance of an updated Environment Act License is expected in 2023, along with completion of a Feasibility study. The proposed Minago open pit operation could potentially have one of lowest carbon emissions, as hydro accounts for 97% of all electricity generation in Manitoba.