Updated Mineral Resource - Crawford
MOU Signed for Potential Use of
Glencore Kidd Concentrator & Met Site
CANADA NICKEL
COMPANY
The opportunity to utilize the excess capacity and existing infrastructure at the Kidd Met Site provides
the potential to allow a faster, simpler, smaller scale start-up of Crawford at a vastly lower capital cost
while the Company continues to permit and develop the much larger scale project currently being
contemplated
•
MOU signed for potential use of Glencore's Kidd concentrator and metallurgical site ("Met Site") in
Timmins, Ontario for the treatment and processing of material mined from Crawford approximately 40
km away
Canada Nickel has completed an initial high-level assessment and will now proceed with a detailed
study on the potential for upgrading excess capacity at the Kidd Concentrator and/or utilizing the
existing infrastructure in place at the Kidd Met Site for milling and further processing the nickel-cobalt
and magnetite concentrates that are expected to be produced from Crawford.
Should the study deliver a positive outcome for both parties, the parties will continue good faith
negotiations towards a binding agreement.
This detailed study is expected to be completed by the end of March 2021. Given the potential for this
significant change in the scope of the project start-up, the release of the PEA will be delayed until the
end of March 2021. The feasibility study remains on track for year-end December 2021.
www.canadanickel.com
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