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'Very significant to the bottom line' - FPX Nickel's Martin Turenne on updated resource estimate

Kitco News

(Kitco News) - FPX Nickel released an updated mineral resource estimate in November.

Last month CEO Martin Turenne spoke to Kitco Mining at the 2022 Precious Metal Summit Zurich.

FPX Nickel (TSX-V: FPX) is a Vancouver-based junior nickel mining company advancing the Decar Nickel District in central British Columbia. FPX project is a greenfield discovery of nickel mineralization in the form of a naturally occurring nickel-iron alloy called awaruite.

In November the company released an updated mineral resource estimate for its Baptiste nickel project, within the Decar district. The company reported "significant improvements" within the Davis Tube Recoverable ("DTR") nickel grades, as well as cobalt and iron grades.

"The resource estimate culminates in quite a bit of work in terms of infill drilling as well as a new approach to the resource model," said Turenne. "What that has led to is a slight increase in nickel grade, which is great. It's a big, bulk tonnage open-pit style deposit, so any increase in grade—even the 6% increase in the indicated category—is very significant to the bottom line."

Coverage of 2022 Precious Metal Summit Zurich is sponsored by Inventa Capital.

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