Monday, February 6, 2023

FPX Begins Preliminary Feasibility Study of Baptiste Nickel Project

The PFS will be led by a team of industry-leading advisors, all of whom have made significant contributions to the project’s de-risking and optimization program since the 2020 PEA.

FPX Nickel Corp. announced the commencement of a Preliminary Feasibility Study (PFS) for the Baptiste Nickel Project located in central British Columbia.

The study will mark the culmination of a comprehensive de-risking and adaptation program that has been ongoing since the release of the 2020 Preliminary Economic Assessment. The preliminary feasibility study is expected to be completed in September 2023.

PFS 2020 will present a mature project foundation, integrating the extensive FPX de-risk and optimization program undertaken since the PEA.

strategic choice

PFS will offer two strategic options, including:

Base Case: Production of a high-grade (50-65% Ni) avarite concentrate for direct feed to the stainless steel market, using a simple and robust concentrator flowsheet made possible only by Baptiste’s avarite mineralization

Option: Further upgrading of high grade awaruite concentrate using moderate leaching conditions and standard hydrometallurgical unit operations to produce battery grade nickel sulfate and cobalt enriched products for the electric vehicle battery supply chain.


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elimination of risks

The PFS will be led by a team of industry-leading advisors, all of whom have made significant contributions to the project’s de-risking and optimization program since the 2020 PEA, providing a strong continuation of Baptiste’s ongoing growth.

The company’s President and CEO Martin Turenne said the PFS will mark the culmination of several years of robust de-risking and project optimization activities, including resource definition drilling, engineering compensation studies, baseline studies and a pilot scale metallurgical test program.

“Since finalizing the 2020 PEA, we have consistently applied a core business-style mindset to project development, and we are confident that PFS Baptiste will be positioned as a leading peer-to-peer development stage nickel project.” which will highlight its potential for large-scale projects.Low-level, low-cost production of low-carbon nickel.

The PFS will mark the culmination of a comprehensive de-risking and optimization program that has been in place since the issuance of the 2020 PEA. With massive data collection and significant optionality to be addressed during the post-implementation work program, PEA, FPX is confident that the PFS can be efficiently implemented and the team is focused on maximizing the technical and commercial maturity of the project. Will be able to concentrate.


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