- Tartisan Nickel Corp., a Canadian mineral and battery materials exploration and mining development company, is looking to carve out a significant market share in the global nickel mining market
- It looks to achieve this by banking on its flagship Kenbridge Nickel Project, which has shown significant potential, as evidenced in the recent preliminary Assessment Report (“PEA”)
- Its management has expressed its confidence in the value of the project and the potential to expand the mine’s life, offering a rich source and modest capex compared to other deposits
Tartisan Nickel (CSE: TN) (OTCQB: TTSRF) (FSE: 8TA), a Canadian mineral and battery materials exploration and mining development company, has its eyes set on a sector that is projected to be valued at over $84.04 billion by 2030. The global nickel mining market, which is integral in the electronic vehicle (“EV”), power tool batteries, and portable electronics, was valued at $50.4 billion in 2022, and as demand for it grows over time, experts note, so will its value (https://ibn.fm/whatd).
The company’s management is banking on its flagship Kenbridge Nickel Project located in the north-central part of the Atikwa Lake area and the south-central part of the Fisher Lake Area in the Kenora Mining District, to further its goal of tapping into the growing nickel mining industry. This, in addition to its Dan Pancho Manganese Silver Zinc Project, its Turtle Pond Nickel Copper Project as well as its Sill Lake Lead Silver Project, its management believes, will be integral in asserting the company as a leader in its segment, all while creating value for its shareholders.
In a summary presentation article featured in the online Ontario Mining Review (Issue 1 of 2024, pages 18 and 19), Tartisan highlighted its preparations for the next exploration phase for its Kenbridge Nickel Project. Of note was the Preliminary Economic Assessment Report (“PEA”), which outlined a low-cost, 1,500 to 2,000 tone-a-day operation, with an initial forecast of a nine-year mine life, with pre-production capital costs of $133.7 million and a potential start-up in three and a half years. Dean MacEachern, Tartisan’s chief consulting geologist, pointed to the modest capital expenditure (capex) offered by the project. “It’s under $140 million to get started. That compares with a lot of large low-grade deposits that will take $2 billion to get going.” (https://ibn.fm/yywd9).
The article highlighted how the flagship property has been tested by 685 surface and underground drill holes totaling 120,00 meters. It also noted the management’s confidence in the expansiveness of the mineralization, potentially expanding the mine’s life. “We drilled a few 1,000-meter -plus holes in 2021 and discovered that the mineralization does continue at depth and along strike,” noted MacEachern. “We believe that we can expand the resource and ultimately the mine life,” he added.
Tartisan has budgeted an additional 8,500 plus meters of drilling for the 2024 calendar year to explore the property further. The objective is to continue to test the down-dip extension and bring some “inferred resource into the indicated category,” according to the article. As of the start of the month, the company had already kicked off feasibility studies and overall exploration at the site, and its 2022 PEA report heavily informed it.
“There remains excellent potential to increase and upgrade the quality of the near-surface mineralization at Kenbridge thereby adding additional years of production or providing the basis for an increase in annual throughput,” noted Mark Appleby, Tartisan’s President and CEO (https://ibn.fm/HczNg).
For more information, visit the company’s website at www.TartisanNickel.com.
NOTE TO INVESTORS: The latest news and updates relating to TTSRF are available in the company’s newsroom at https://ibn.fm/TTSRF
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