SPC Nickel Corp.
Delineates a Large Open-Pittable Nickel Resource
Published: 1/31/2024
Author: Sid Rajeev, B.Tech, CFA, MBA

Sector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:
SPC.V - NEO 🔹
SPCNF - NASDAQ 🔹
Highlights
SPC has completed a maiden resource estimate for its West Graham Deposit (WGD) within the Lockerby East project in Sudbury, Ontario.
SPC has confirmed and expanded historic resources, with contained NiEq increasing by 31% (329 Mlbs to 430 Mlbs), and the average grade rising by 28% (0.54% to 0.70%).
91% of resources are open-pittable, implying potential for relatively low OPEX/CAPEX. We view WGD as a large-tonnage deposit, with attractive grades for potential open-pit operations.
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