- Ausenco Services Pty Ltd. and Ausenco-Vector awarded pre-feasibility study contracts – Boyd Willis appointed Study Manager and Jake Foronda Philippines-based Project Manager

Mindoro Resources Ltd. is pleased to announce the commencement of the Agata Nickel Project Pre-Feasibility study. The study will be based on the Preliminary Economic Assessment (PEA) released on the 29th of March 2011 that indicated lowest quartile operating cost potential of US$2.64/Ni lb or US$1.65/Ni lb with cobalt and power credits. The PEA also showed after tax cash flow of US$173 million per annum and a robust Net Present Value (NPV) of US$386 million, calculated at 10% discount rate and US$10/lb nickel price. [Read more...]