Nicola Mining Inc. Announces Strategic Mill Restart and Eight-Year Production Plan
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 gearing up for a significant operational milestone with the planned restart of its fully permitted mill in June 2025. This move is part of a broader eight-year production strategy designed to capitalize on the company's extensive mineral processing capabilities. CEO Peter Espig underscored the strategic importance of this initiative during a pre-Commodities Global Expo podcast, pointing to the company's six active permits that cover a wide range of operations including gold, silver, copper, quarrying, and milling.
The company's unique designation as Canada's only designated mining industrial site affords it province-wide processing rights for gold and silver, a distinction that offers Nicola Mining considerable operational flexibility and a competitive edge in the mining sector. This advantage is central to the company's strategy, which revolves around its 100% owned mill and tailings facility near Merritt, British Columbia. The facility's ability to process both gold and silver mill feed through gravity and flotation processes exemplifies its versatile approach to mineral extraction.
Nicola Mining's project portfolio is notably diverse, featuring the New Craigmont Project, a high-grade copper property that spans 10,913 hectares along the southern end of the Guichon Batholith. This property's proximity to Highland Valley Copper, Canada's largest copper mine, presents significant development opportunities. Additionally, the company's Treasure Mountain Property, which includes 30 mineral claims and a mineral lease covering over 2,200 hectares, further diversifies its asset base and potential revenue streams.
The restart of the mill marks a pivotal moment for Nicola Mining, symbolizing a well-considered approach to resource development and processing. With its multiple permits and a varied project portfolio, the company is strategically positioned for sustained production and potential expansion in the mining sector. For more information on Nicola Mining's projects and permits, visit https://www.nicolamining.com.
Curated from InvestorBrandNetwork (IBN)
