Morgan Stanley on Nickel Forecast:
- 6.4% demand growth in 2021
- outpacing supply as Indo NPI growth offset by China’s decline
- Market moving from 85kt surplus in 2020 to -18kt in ’21
- Supporting average price of $7.29/lb, with risk skewed to bull case $8.75/lb
Tartisan Investment Highlights:
- Kenbridge Nickel Deposit is a Class 1 Nickel project which can safely be put into production quickly at low capital cost
- Updated Mineral Resource Estimate: 7.47 Ktonnes 0.6% Ni, 0.32% Cu open pit and underground
- Measured and Indicated resources 985 Ktonnes Inferred at 1% Ni, 0.62% or 117 million pounds of Nickel and 66 million pounds of Copper
- Potential to double the underground resource at Kenbridge through anticipated drill program
- Kenbridge North – Untested Potential to Discover additional Class 1 Deposits
Tartisan Strategic Investment Holdings $9+ Million
- Eloro Resources, Class One Nickel and Technologies , Peruvian Metals Corp. provide Tartisan shareholders an opportunity to participate in other high-quality projects
Kenbridge Ni Project (Kenora, Ontario)
- Property is accessible via gravel roads from paved Highway 71
- Underground development of the deposit extends from surface to a depth of 623 metres in a 3 compartment shaft, with 244 metres of drifts and 168 metres of crosscuts at the 110 and 150 metre levels
- The minimum drill spacing is at 15.2metres on all levels.
- The deepest hole extends to 838.4 metre depth and intersected mineralization grading 4.25% nickel and 1.38% copper over 10.7 metres, indicating that the deposit remains open at depth.
- Historical surface drilling was completed at 30.5metre spacing
- Preliminary Economic Assessment completed and updated returned robust project economics and operating costs including a NPV of C$253M and cash costs of US$3.47/lb of nickel net of copper credits
Look for Tartisan Corporate updates in 2021 at Tartisan.com
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