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NICO Project

Project Description

Fortune Minerals. Combined open pit and underground reserves. Combined indicated mineral resources of 20.7 million tonnes at an average grade of 0.97 g/t Au, 0.11% Co, 0.15% Bi, and 0.04% Cu. Combined inferred mineral resources of 12.3 million tonnes at an average grade of 1.13 g/t Au, 0.11% Co, 0.13% Bi, and 0.04% Cu. Combined metal contained approximately 1.1 million ounces gold, 82.3 million pounds of cobalt, 102.1 million pounds of bismuth, and 27.2 million pounds of copper. Preliminary Feasibility Study completed in 2014. Water permits acquired in 2019.

Project Details


Development Type

Country / Developer



Budget / Cost

Estimated at 438M USD



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