Mining Stock Northcliff Resources Ltd. (TSX: NCF) Gains On Feasibility Study Update
The stock makes the TSX top percentage gainer list this morning, currently trading at 0.3500 +0.0550 (+18.64%), with a morning high of $0.36.
Yesterday Northcliff announced the results of the Feasibility Study Update (the "2026 Study" or "Feasibility Study Update") for the Sisson Project ("Sisson"), located in New Brunswick ("NB"), Canada. The study forecasts strong financial results for an open pit mine and processing facility producing concentrates of tungsten and molybdenum - two critical minerals, as recognized by Canada and other international jurisdictions.
All values are expressed in Canadian dollars unless otherwise noted and are presented on a 100% project basis. All tonnages are stated in metric tonnes ("t").
Advertisement2026 Feasibility Study Update Highlights
- Post-tax net present value ("NPV") of $6,915 M at an 8% discount rate, an internal rate of return ("IRR") of 49.8% and a 1.6-year payback based on forecast metal prices for European tungsten concentrate from US$1,520/MTU WO3 for 2030, US$1,765/MTU WO3 for 2035 and US$1,880/MTU WO3 by 2040 and thereafter, and for molybdenum concentrate of US$29.57/lb Mo in 2030 to US$28.44/lb Mo in 2040 and thereafter, presented in a marketing study by specialists at Argus Metals (the "Argus Study"). The forecast exchange rate is 1.35:1 C$:US$. Proven and probable mineral reserves of 276.8 Mt grading 0.075% tungsten trioxide ("WO3") and 0.021% molybdenum ("Mo") at an effective life of mine ("LOM") net smelter return ("NSR") cut-off of $16.31/t. Mill throughput designed at 30,000 tonnes per day ("t/d") average or 10.3 Mt per year ("t/a") for a total of 277 Mt of ore processed over 27 years of operation. Average effective strip ratio is 0.97:1. LOM production of 16.1 M metric tonne units ("MTU") WO3 and 113.5 M pounds ("lbs") Mo, average annual production of 598,000 MTU WO3 and 4.2 M lbs Mo at 78% and 82% recoveries, respectively. Mining will begin in an area of elevated WO3 grades producing an annual average of 767,000 MTU of WO3 and 4.0 M lbs of Mo for the first 5 years. Initial capital expenditures of $1,528 M to construct the Sisson mine, processing facilities, primary and secondary infrastructure, with sustaining capital of $571 M. Total operating cash costs to concentrate are $9.23/t milled, net of by-product credits. Direct employment of approximately 300 people during operations and approximately 500 during construction phase. Construction is expected to take 2 years to complete.
Northcliff President and CEO Andrew Ing said:
Full news
Northcliff (TSX: NCF ) is a mineral resource company focused on advancing the Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production.
Check out theExploring Mining podcast at Investorideas with host Cali Van Zant for the latest mining stock news and insightful interviews with top industry experts
Axel Merk: What Warsh's Fed Approach Means for Gold, & Gold Stocks
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment