More than C$115-million has, so far, been spent on the development, including test mining and a pilot plant processing, at the Nico cobalt/gold/bismuth/copper project, in Canada’s Northwest Territories and Saskatchewan. Once operational, Nico, discovered by North American development stage mining company Fortune Minerals in 1996, will produce 1 615 t/y of cobalt at full capacity, Fortune Minerals investor relations manager Troy Nazarewicz tells Mining Weekly.
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