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

Michael McCrae

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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By Michael McCrae

For Kitco News

Contact mmccrae@kitco.com
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.