Canadian miner Magna Mining has announced the results of the 2022 feasibility study for the Shakespeare nickel project, located about 60 km south-west of Sudbury, in Canada’s On-tario. The investment requires initial capital of some US$232.9 mil-lion, the company said in a statement.
"Shakespeare has a filed Closure Plan that has been accepted … by the [Canadian] Ministry of Northern Development, Mines, Natural Re-sources and Forestry, and has obtained major permits for construc-tion of a 4500 tonne per day (tpd) open pit mine, mill and tailing stor-age facility," the statement said.
Jason Jessup, the miner’s chief executive, commented that the "fea-sibility study demonstrates why we think the Shakespeare Nickel Project has the potential to be the next nickel producing project in Canada, and it confirms our belief that Shakespeare is an attractive stand-alone operation at current nickel and copper prices."