Osisko Metals starts feasibility study for Pine Point Project in Northwest Territories
From GlobeNewswire: 2024-11-04 17:30:00
Osisko Metals Incorporated has announced the commencement of the Pine Point Mining Limited Feasibility Study, expected to be completed by Q2 2025. Since 2023, key advisors have been optimizing the 2022 Preliminary Economic Assessment Update. Various trade-off studies were analyzed to define the final FS design concept, using the Mineral Resource Estimate reported in June 2024.
The new FS design concepts aim to transition the project from the PEA level to the FS stage, supporting Environmental Assessment and Permitting activities. Notably, the proposed preconcentration methods have been changed to conventional “Full Milling” to improve recovery and reduce operational risk. Community meetings are planned for November 2024 for feedback on key concepts.
The PPML team is collaborating with experienced Qualified Persons from engineering firms like Synectiq, BBA, and WSP to develop the Feasibility Study and advance permitting. Local offices in the Northwest Territories will aid in the permitting process. Site visits this summer included presentations to Government representatives, community leaders, and environmental regulators.
Osisko Metals Inc. is focused on exploring and developing copper and zinc projects, including the Pine Point Project in the Northwest Territories. The company also acquired the Gaspé Copper Mine in Quebec. The Pine Point Project has significant mineral resources, while the Gaspé Copper Mine hosts the largest undeveloped copper resource in Eastern North America.
Appian Capital Advisory LLP, a London-based investment advisor, is collaborating with Osisko Metals to advance mining projects. With global experience and a successful track record in the industry, Appian supports companies in achieving development targets. Their expertise spans across various regions, including North America, Europe, and Africa.
Read more at GlobeNewswire: Osisko Metals Provides Update on the Pine Point Project and