Mining Intelligence and News
Australia

Saints Project

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Categories

Overview

Mine TypeUnderground
StagePreliminary Economic Assessment
Commodities
  • Nickel
  • Copper
  • Cobalt
Mining Method
  • Bench stoping
  • Longhole open stoping
Mine Life... Lock
SnapshotPositive Scoping Study, dated April 11, 2023, confirms potential viability of the Saints Nickel Project, located in the Tier 1 nickel mining jurisdiction of the Norseman-Wiluna Greenstone Belt in Western Australia.

The Scoping Study has been undertaken to internally determine the next phase of work programmes at the Saints Nickel Project.

The Saints Nickel Project was likely to be toll treat.

Baseline environmental studies well advanced to facilitate the permitting process for potential development.

Owners

SourceSource
CompanyInterestOwnership
Future Battery Minerals Ltd. 100 % Indirect
Future Battery Minerals Ltd. owns 100% of the Saints project.

Contractors

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Deposit type

  • Magmatic

Summary:

The Saints Nickel Sulphide Project is regarded as an Archaean Kambalda-style komatiite-hosted massive nickel sulphide deposit. The deposit occurs within the Menzies-Bardoc tectonic zone in ultramafic units’ equivalent to the Highway Ultramafics.

The Saints tenements encompass a portion of the Archaean Norseman-Wiluna Greenstone Belt of the Kalgoorlie Terrane – Boorara Domain within the Eastern Yilgarn Craton of Western Australia. The tenements are located on the western limb of the Scotia-Kanowna Anticline within the Bardoc Tectonic Zone, which occurs along the western margin of the Scotia-Kanowna Batholith. The stratigraphy is upright and dips steeply to the west, consisting of mafic, ultramafic and metasedimentary/meta-volcaniclastic/felsic volcanic units.

The Saints Nickel Project contains three known occurrences of nickel sulphide mineralisation: Saint Andrews, Saint Patricks and the Western Contact. The main sulphide species recognised in all three prospects are pyrrhotite, pentlandite, chalcopyrite and pyrite, with violarite in the transitional to weathered zones. High grade nickel mineralisation occurs as massive or matrix sulphides in the main modelled resource zones with disseminated or cloud sulphides occurring in the hanging wall position proximal to mineralisation in some areas. Mineralisation widths range from one to two metres up to six metres (true width).

Saint Patrick and Saint Andrews remain open down-plunge – excellent exploration potential to increase current resource.

Dimensions
The Saints Mineral Resource area extends over a NNW strike length of 1,540m (from 6,671,900mN – 6,673,340mN) and includes the 420m vertical interval from 350mRL to - 70mRL.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Production

Production Costs

CommodityAverage
Cash costs Nickel Equivalent  ....  Subscribe
Assumed price Cobalt  ....  Subscribe
Assumed price Nickel  ....  Subscribe
Assumed price Copper  ....  Subscribe
* According to 2023 study / presentation.

Project Costs

MetricsUnitsLOM Total
Pre-Production capital costs $M AUD  ......  Subscribe
Total CapEx $M AUD  ......  Subscribe
Pre-tax NPV @ 8% $M AUD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe
Pre-tax payback period, years  ......  Subscribe

Required Heavy Mobile Equipment

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Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jan 13, 2025
....................... Subscription required ....................... Subscription required Subscription required Jan 13, 2025

Aerial view:

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