EV Nickel Reports Promising PEA for CarLang A Nickel Project

EV Nickel Inc. has announced results from its Preliminary Economic Assessment (PEA) for the CarLang A Nickel Project near Timmins, Ontario. The assessment, done by SRK Consulting and Caracle Creek, shows a post-tax NPV(8%) of $1.48 billion and a pre-tax NPV(8%) of $1.91 billion, indicating robust project economics.

The site plans to produce 1.6 billion pounds of nickel over its 20-year mine life, supported by an annual EBITDA of CAD 681 million. Production is designed around a shallow open-pit model with a low strip ratio, reducing capital expenses. The mine sees annual free cash flow of CAD 360 million.

The PEA stemmed from significant nickel resources, estimating a feed grade of 0.23% Ni, mined from a 120,000 tonnes per day operation. Key financial metrics are driven by nickel and by-products like iron and chrome, with potential enhancements through exploration along the CarLang Trend.