The Santa Rita mine is a producing nickel sulphide operation in Brazil
Atlantic Nickel
Nickel-Copper-Cobalt, Brazil
INVESTMENT HIGHLIGHTS
Santa Rita is a previously operating open pit nickel sulphide mine with an estimated processing capacity of 6.5Mt of ore annually. The previous operators spent over US$1bn on the existing processing plant and associated infrastructure, which is available for use and has been maintained in good working order. Appian has identified numerous mine / plant optimisation opportunities, which serve to reduce the operation’s cost position and generate an attractive cash flow profile at conservative nickel prices. Benefiting from existing permits and infrastructure, Appian and Atlantic Nickel have safely returned the mine into production with the first sale of nickel concentrate being consummated in January 2020.
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Ownership: Private
| Asset | Location | Commodity | Stage | Mining Method | Total Reserves | Total Resources | Life of Mine | Production |
|---|---|---|---|---|---|---|---|---|
| Santa Rita | Brazil | Nickel, Copper, Cobalt | Production | Open pit | 50.6 Mt @ 0.31% NiS, 0.11% Cu, 0.01% Co | 52.9 Mt @ 0.33% NiS, 0.12% Cu, 0.01% Co | 8 years | 19 ktpa NiEq |
| Santa Rita | Brazil | Nickel, Copper, Cobalt | PEA | Underground | TBD | 202.2 Mt @ 0.60% NiS, 0.19% Cu, 0.01% Co | 27 years | n/a |
