Eurobattery Minerals published a pre-feasibility study for the Hautalampi project in eastern Finland. Based on an underground mining scenario with 4.6Mt of reserves, grading at 0.3% Ni, 0.08% Co and 0.24% Cu, the mine is anticipated to generate a total turnover of 420 million with a payback period of 4.6 years.
Notably, an additional resource of 4.7Mt @ 0.22% Ni, 0.11% Cu, and 0.05% Co could further extend the life of mine under favorable metal price conditions.
The company further announced the exercise of its option to acquire an additional 30% of the shares in FinnCobalt Oy, increasing Eurobattery Minerals’ share to 70%.
