Fortune Minerals nears completion of NICO project feasibility study

Bitget2026/10/29 15:45

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Fortune Minerals’ NICO feasibility study is nearing completion, with base-case engineering essentially complete and capital and operating cost optimization underway.
The study will incorporate additional gold recovery at the Northwest Territories mine and a lower-cost cobalt product start-up option for the Alberta refinery.
Tests recovered 77%–85% of gold from a tailings stream containing 6%–11% of feed gold previously considered lost.
A cobalt mixed hydroxide precipitate start-up option could reduce initial capital and operating costs, deferring cobalt sulphate production circuits.
Updated mineral reserves, the mine plan and production schedule will be released with the completed study.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fortune Minerals Limited published the original content used to generate this news brief via Business Wire (Ref. ID: 20261029666328) on October 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Fortune Minerals nears completion of NICO project feasibility study

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