Giga Metals:Turnagain Nickel Project submitted for preliminary Economic Evaluation

SMM11, March 27 / PRNewswire-FirstCall-Asianet /--, Giga Metals (TSXV:GIGA) announced that it has submitted a preliminary economic assessment (PEA) for its Turnagain nickel project in northwestern British Columbia, Canada.

Giga Metals said that the project is expected to produce nickel in the concentrate throughout the life of the project, with a greenhouse gas footprint as low as < 2.5t / t Ni. The company said that if the electric mining fleet equipment could be used at the appropriate capacity, the carbon footprint could even be further reduced to < 0.7 t / t nickel. "at these speeds, the CO 2 interception capacity of Turnagain tailings may make the project carbon neutral," the media briefing said.

According to Giga Metals, Turnagain PEA demonstrates the potential of long-life open-pit mines and mills that use traditional Bubble flotation technology to produce high-grade nickel sulphide concentrates.

The company said that through phased implementation to a plant with a daily production capacity of 90000 tons, the average annual production of more than 33000 tons of nickel over the 37-year project life is expected. (73 million pounds per year), PEA has identified many opportunities for improvement projects.

The Turnagain deposit is considered to be one of the largest undeveloped sulphide nickel deposits in the world, with estimated and shown resources of 5.2 billion pounds of nickel and 312 million pounds of cobalt, with inferred resources of 5.5 billion pounds of nickel and 327 million pounds of cobalt.