Nicola Mining Prepares for Eight-Year Production Cycle with Fully Permitted Mill
TL;DR
Nicola Mining is restarting its fully permitted mill, setting the stage for 8 years of continuous production with new contracts.
Nicola Mining owns 100% of the New Craigmont Project, a high-grade copper property covering 10,913 hectares.
Nicola Mining's unique status as Canada's only designated mining industrial site supports province-wide processing rights for gold and silver, benefiting the local economy.
Nicola Mining's mill can process both gold and silver feed via gravity and flotation processes, showcasing innovative mining techniques.
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Nicola Mining Inc. is poised to launch an ambitious eight-year production strategy, with plans to restart its fully permitted mill in June 2025. The company's CEO, Peter Espig, highlighted the organization's strategic positioning in the mining sector, emphasizing its distinctive operational capabilities.
The company holds six active permits covering gold, silver, copper, quarrying, and milling processes. Most notably, Nicola Mining is Canada's only designated mining industrial site, granting province-wide processing rights for gold and silver. This unique status provides significant operational flexibility and competitive advantage.
The mill's restart will be supported by multiple Mining and Milling Profit Share Agreements, targeting high-grade gold projects. With 100% ownership of the New Craigmont Project—a 10,913-hectare high-grade copper property adjacent to Highland Valley Copper—and the Treasure Mountain Property, which spans over 2,200 hectares, the company has established a robust and diversified project portfolio.
The planned mill restart represents a significant milestone for Nicola Mining, positioning the company to capitalize on multiple metal markets and leverage its comprehensive processing capabilities. By integrating various metal processing technologies, including gravity and flotation methods, the company is strategically preparing for sustained production and potential market opportunities.
Curated from InvestorBrandNetwork (IBN)
