Giga Metals Corp. (TSXV: GIGA) announced today that its 2021 work program has started at the Turnagain nickel-cobalt project in British Columbia. The company’s goal is to produce a “pre-feasibility study in Q3 of 2022.”
Around 6,900 metres of resource drilling will be conducted to upgrade resource classifications. The program will also entail around 3,100 metres of geotechnical drilling with hydrogeological installs, 9,000 metres of seismic refraction survey, and 25 excavator test pits for facility design.
In its preliminary economic assessment for the mine filed in November 2020, the company projected annual production of 33,215 nickel tonnes and 1,962 cobalt tonnes over 37 years life-of-mine.
Last month, the company also announced its plan to include mixed hydroxide precipitate or MHP production in its next phase of studies. MHP is a chemical form of nickel and cobalt that plays a role in the supply chain for lithium-ion batteries.
Giga Metals last traded at $0.37 on the TSX Venture.
Information for this briefing was found via Sedar and Giga Metals. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.