Project Highlights

Low-Carbon Nickel. Made in Canada.

The Baptiste Nickel Project is located in central British Columbia and has the potential to be a high-margin, long-life, large-scale, and low-carbon mine with unparalleled flexibility to produce either a high-grade concentrate (60% nickel) for direct feed into the stainless steel industry or further refining into battery-grade nickel sulphate, cobalt precipitate, and copper concentrate products for the battery material supply chain.

Project Highlights

Strategic product flexibility, with a Base Case high-grade nickel concentrate (60% nickel) for direct feed to the stainless-steel industry, plus a Refinery Option to produce battery-grade nickel sulphate

After-tax NPV8% of $2.01 Billion and IRR of 18.6% at $8.75/lb Ni

28-year mine operating life producing an average 59,100 tonnes per year of nickel

Phased development approach, with expansion following the 3.7-year after-tax payback period

Life-of-mine average C1 operating cost of $3.70/lb Ni ($8,150/t), assuming no byproduct credits

Life-of-mine average annual pre-tax free cash flow of $578 million during operating years

Nickel bricks — Awaruite nickel briquettes

FPX Nickel battery-grade nickel sulphate — Nickel sulphate

Electric vehicle charging — Nickel is an essential component of EV batteries
(Toby Melville/Reuters)

Nickel sheet rolls — Stainless Steel is an essential component to everyday life

Nickel Done Right

A New Era for Nickel

2023 Pre-feasibility Study

Results from the PFS for FPX’s 100%-owned Baptiste Nickel Project with an after-tax NPV8% of $2.01 Billion and IRR of 18.6% at $8.75/lb Ni. The PFS demonstrates the potential to develop a high-margin, long-life, large-scale, and low-carbon mine with unparalleled flexibility to produce either a high-grade concentrate for direct feed into the stainless steel industry or further refining into battery-grade nickel sulphate.

Read the Technical Report

Awaruite Refinery Study

The Study demonstrates a compelling business case for the development of a standalone refinery to refine awaruite concentrate into battery-grade nickel sulphate for the electric vehicle industry, along with producing valuable cobalt, copper, and ammonium sulphate by-products.

Read the Refinery Study

Linear Infrastructure: Access Road & Transmission Line

The Baptiste Nickel Project depends on reliable road and power connections. Today, options are under study to determine with First Nations, local communities and regulatory agencies to identify the preferred route.

Awaruite: A Game Changer for the Nickel Industry

Conventionally, nickel is obtained from sulphide or laterite deposits, and requires mineral concentration at mine sites followed by energy-intensive smelting and/or primary refining processes, resulting in nickel-rich intermediate products. Key differentiators of awaruite are its magnetic properties and low sulphur content, which mean that the nickel can be collected magnetically (without reagents or chemicals) and that the concentrate produced at the mine does not require downstream smelting.

Economic benefits for the next 30 years

Click here to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Learn More

Project Highlights

Low-Carbon Nickel. Made in Canada.