Fortune opts not to enlarge Nico mill

North of 60 Mining News – October 4, 2019


Last updated 9/26/2020 at 10:42am

Fortune Minerals Ltd.

Fortune Minerals' proposed Nico Mine in Northwest Territories would produce battery-grade cobalt, as well as gold, bismuth and copper.

Fortune Minerals Ltd. Oct. 3 reported that current cobalt markets do not support the idea of developing a larger mine at its Nico cobalt-gold-bismuth-copper project in Northwest Territories.

A feasibility study published in 2014 considered a 4,650-metric-ton-per-day operation at Nico that would produce an average of 1,615 metric tons of battery-grade cobalt; 41,300 ounces of gold; 1,750 metric...

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