The Santa Rita project is a past producing, restart-ready and fully permitted nickel-copper-cobalt sulphide operation in 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.

For more information about Atlantic Nickel, please click here.

Ownership: Private

AssetLocationCommodityStageMining MethodTotal ReservesTotal ResourcesLife of MineProduction
Santa RitaBrazilNickel, Copper, CobaltProductionOpen pit50.6 Mt @ 0.31% NiS, 0.11% Cu, 0.01% Co59.2 Mt @ 0.33% NiS, 0.11% Cu, 0.01% Co8 years19 ktpa NiEq
Santa RitaBrazilNickel, Copper, CobaltPEAUndergroundTBD167.8 Mt @ 0.59% NiS, 0.19% Cu, 0.01% Co25+ yearsn/a
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