FPX Nickel Achieves Recoveries up to 99.5% in Production of High- Grade Nickel-Cobalt Solution for the Electric Vehicle Battery Market
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FPX Nickel Achieves Recoveries up to 99.5% in Production of High-
Grade Nickel-Cobalt Solution for the Electric Vehicle Battery
Market
Vancouver, January 7, 2020 – FPX Nickel Corp. (FPX-TSX.V) (“FPX Nickel” or the “Company”) is
pleased to report that successful leach testing of high-grade nickel concentrates from its 100%-owned
Decar Nickel District (the “Project”) has confirmed nickel recoveries up to 99.5% in producing a high-
concentration nickel-cobalt chemical solution suitable for the electric vehicle (“EV”) battery supply
chain. The results of this test program position Decar as a potentially significant supplier of nickel for
both the stainless steel and the EV battery markets.
Highlights
● Establishes high-grade Decar awaruite nickel concentrate as an excellent feedstock with potential
advantages over sulphide and laterite feedstocks in the ultimate production of nickel sulphate and
cobalt sulphate for the electric vehicle battery market
● Confirmation of the amenability of Decar nickel concentrate to conventional pressure leaching at
moderate pressure and temperature, achieving nickel recoveries of 98.8% to 99.5% in the
production of high-purity chemical solution containing 69.4 to 70.1 g/L nickel
● Rapid nickel extraction (over 98% extraction in under 60 minutes) achieved under mild pressure
leaching conditions with significantly lower sizing, power consumption, pressure and temperature
requirements than typical high pressure acid leach (“HPAL”) operations
“These results confirm a breakthrough for FPX Nickel, demonstrating that Decar has the potential to
produce significant quantities of nickel and cobalt in a high-quality form for the fast-growing EV battery
supply chain,” commented Martin Turenne, the Company’s President and CEO. “The results further
confirm that the awaruite nickel ore at Decar has potential technical advantages over sulphide and laterite
ores for producing nickel sulphate and cobalt sulphate. In comparison with nickel sulphide concentrates,
the direct dissolution of Decar concentrate can eliminate the need for smelting prior to downstream
processing to produce nickel sulphate. Furthermore, the high-grade Decar concentrate feedstock
conceptually entails a smaller operational footprint and significantly lower pressure and temperature
requirements than HPAL operations used in laterite operations.”
Mr. Turenne continued, “This testing confirms the potential for the production of nickel sulphate and
cobalt sulphate from awaruite ore in a simple three-stage process encompassing ore beneficiation,
pressure leaching, and solvent extraction. This three-stage processing route has the potential to be more
efficient than the typical five-stage processes required to convert sulphide and laterite ores into nickel
sulphate, as shown in Figure 1 below.”
Figure 1 – Processing Alternatives for Production of Nickel Sulphate (NiSO4)
Source: Company reports, FPX Nickel Corp. test work
Description of Leaching Test Work
Nickel mineralization at the Decar Nickel District is present in awaruite, a nickel-iron alloy composed of
75% nickel and 25% iron, with negligible associated sulphides. As described in the Company’s news
release dated August 6, 2019, metallurgical testing conducted during 2018 and 2019 confirmed that a
conventional processing flowsheet using grinding, magnetic separation and flotation of awaruite ore will
consistently produce clean, high-grade nickel concentrates. The Decar nickel flotation concentrate is
notable for its extremely high metal content and low level of impurities. Table 1 below provides the main
elemental analysis of the concentrate utilized as feedstock for the leach testing program described herein.
Table 1 – Summary of Elements in Decar Nickel Flotation Concentrate (Feedstock for Leach
Testing, %)
Ni Fe Al Co Cr
59.0 23.8 0.01 0.90 0.22
Cu Mg Mn S Si
0.75 0.62 0.03 0.70 0.51
Note: a full elemental analysis of Decar nickel flotation concentrate, including oxide content, is provided
in the Company’s news release dated August 6, 2019
Awaruite
Mineralization
Nickel
Concentrate
(~65% Ni)
High
Concentration
Nickel/Cobalt
Solution NiSO4
● ● ● ●
Beneficiation
Pressure
Leaching
(Current
Testing)
Purification /
Solvent
Extraction
(Future
Testing)
Sulphide Ore
Nickel
Concentrate
Low Nickel
Matte
High
Nickel
Matte
High
Concentration
Nickel Solution NiSO4
● ● ● ● ● ●
Beneficiation Smelting Converter Dissolution
Purification
/ Solvent
Extraction
Laterite Ore Leach Slurry
Low
Concentration
Nickel/Cobalt
Solution
Mixed
Sulfide
Product
High
Concentration
Nickel/Cobalt
Solution NiSO4
● ● ● ● ● ●
HPAL
Counter-
current
decantation
Precipitation Dissolution
Purification
/ Solvent
Extraction
Nickel SulphideNickel Laterite FPX Nickel - Nickel-Iron Alloy
(Awaruite)
Two batch pressure leach tests of Decar concentrates were undertaken at Sherritt Technologies in Fort
Saskatchewan, Alberta. The pressure leach tests were conducted in an autoclave (pressure chamber) with
conditions designed to approximate proposed commercial conditions.
The quality of the nickel chemical solution generated from the batch tests was excellent, with the low acid
and iron content confirming relatively low downstream requirements for neutralization and iron removal.
Detailed analysis of the Decar nickel solution produced in Test 2 is provided in Table 2, below:
Table 2 – Summary of Elements in Decar Nickel Solution (Test 2 Pregnant Leach Solution, g/L)
Ni Fe Co Cu
70.1 0.77 1.08 0.97
Mg S Si Zn
0.50 45.3 0.10 0.03
It is expected that the nickel-cobalt solution produced from Decar concentrate will be an ideal feedstock
for the production of nickel sulphate and cobalt sulphate. Downstream processing of the Decar nickel-
cobalt solution would conceptually entail neutralization (to remove acid and other impurities) and solvent
extraction to produce nickel sulphate and cobalt sulphate as two separate products. The low levels of
impurities (such as acid and iron) in the Decar nickel-cobalt solution suggest that downstream refinement
into sulphate products is achievable within conventional operating parameters. Confirmation of these
downstream processing steps is subject to future testing.
The leach tests described herein were conducted at a moderate temperature of 150°C with the pressure
controlled to a modest 750 kPa (g) with oxygen addition. Recovery of nickel was rapid in the batch tests,
with over 98% extraction achieved in 60 minutes toward ultimate extractions of 98.8% and 99.5% in 180
minutes. The iron (Fe) in the concentrate feedstock was almost entirely precipitated, resulting in low iron
content in the pregnant leach solution (0.77 g/L in the Test 2 product). The conditions and results of the
batch tests are summarized in Table 3, below:
Table 3 – Summary of Batch Leach Testing Conditions and Results
Test 1 Test 2
Charge
Nickel concentrate (g) 40 40
Retention time (minutes) 180 180
Discharge (Pregnant Leach) Solution Analyses (g/L)
H2SO4 21.5 12.1
Ni 69.4 70.1
Co 1.14 1.08
Fe 2.45 0.77
Nickel extraction (recovery) 99.5% 98.8%
Additional test work is required to further evaluate the optimization of any downstream
hydrometallurgical processing requirements.
The operating parameters for the leaching of Decar concentrates into nickel-cobalt solution are potentially
favourable because they are based on significantly lower sizing, power consumption, pressure and
temperature requirements than typical HPAL operations treating laterite ore, such as the Ramu Nickel
Cobalt Operation in Papua New Guinea (“Ramu”). Table 4 below provides a comparison of pressure
leaching autoclave parameters for the treatment of Decar concentrate (based on the scoping test work
described herein) and laterite ore at Ramu (which has been in operation since 2012).
Table 4 – Pressure Leaching Autoclave Parameters for Decar Concentrate and Ramu Nickel Cobalt
Operation
Autoclave Parameter
Decar Concentrate
(Conceptual Based on Test
Work)
Ramu Nickel Cobalt
Operation
(Note 1)
Feedstock type Flotation concentrate Whole ore
Feedstock grade 59-65% Ni 1.09% Ni
Pressure 750 kPa 4,300 kPa
Temperature 150°C 250°C
Target extraction rate (recovery) >98% >95%
Target residence time 60 minutes 60 minutes
Note 1 – Source: Design parameters for Ramu Nickel Cobalt Project in Cobalt 27 Capital Corp., NI 43-
101 Technical Report (July 19, 2019)
Furthermore, it is expected that utilizing a high-grade Decar concentrate feed with a consistent
specification for mineral content, moisture and particle size would entail lower potential operational risk
than a typical HPAL plant accepting “whole ore” with inconsistent grades sourced from inherently
variable run-of-mine laterite deposits, ranging from 0.7% to 1.7% nickel content.
Next Steps
FPX Nickel will undertake internal trade-off studies to define the optimal product mix to be derived from
the Decar project for the stainless steel and EV battery markets. Further bench-scale testing is required to
evaluate and refine the process for pressure leaching of Decar concentrates, including additional tests
under diverse conditions to determine optimal parameters for acid consumption, pressure and
temperature, among other considerations. Additional test work would generate nickel products for testing
with potential offtakers, with this market evaluation expected to generate collaborative opportunities with
a variety of nickel market participants.
Qualified Person
The metallurgical information in this news release has been prepared in accordance with Canadian
regulatory requirements set out in National Instrument 43-101 Standards of Disclosures for Minerals
Projects of the Canadian Securities Administrators (“NI 43-101”) and supervised, reviewed and verified
by Jeffrey B. Austin, P.Eng., President of International Metallurgical and Environmental Inc., a
“Qualified Person” as defined by NI 43-101 and the person who oversees metallurgical developments for
FPX Nickel.
About the Decar Nickel District
The Company’s Decar Nickel District claims cover 245 square kilometres of the Mount Sidney Williams
ultramafic/ophiolite complex, 90 km northwest of Fort St. James in central British Columbia. The District
is a two hour drive from Fort St. James on a high-speed logging road. A branch line of the Canadian
National Railway is less than 5 kilometres east from Decar’s Baptiste Deposit and the BC Hydro power
grid comes within 110 kilometres south of the property.
Decar hosts a greenfield discovery of nickel mineralization in the form of a naturally occurring nickel-
iron alloy called awaruite, which is amenable to bulk-tonnage, open-pit mining. Awaruite mineralization
has been identified in four target areas within this ophiolite complex, being the Baptiste Deposit, the B
Target, the Sid Target and Van Target, as confirmed by drilling in the first three plus petrographic
examination, electron probe analyses and outcrop sampling on all four. Since 2010, approximately $25
million has been spent on the exploration and development of Decar.
Of the four targets in the Decar Nickel District, the Baptiste Deposit has been the main focus of diamond
drilling since 2010, with a total of 82 holes and over 31,000 metres of drilling completed. The Sid Target
was tested with two holes in 2010 and the B Target had a single hole drilled into it in 2011; all three holes
intersected nickel-iron alloy mineralization over wide intervals with DTR nickel grades comparable to the
Baptiste Deposit. The Van Target was not drill-tested at that time as rock exposure was very poor prior to
logging activity by forestry companies.
As reported in a NI 43-101 resource estimate prepared on February 26, 2018, the Baptiste deposit
contains 1.843 billion tonnes of indicated resources at an average grade of 0.123% DTR nickel, for 2.3
million tonnes of DTR nickel, and 391 million tonnes of inferred resources with an average grade of
0.115% DTR nickel, for 0.4 million tonnes of DTR nickel, reported at a cut-off grade of 0.06%. Mineral
resources are not mineral reserves and do not have demonstrated economic viability.
About FPX Nickel Corp.
FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel-Iron Alloy Project,
located in central British Columbia, and other occurrences of the same unique style of naturally occurring
nickel-iron alloy mineralization known as awaruite. For more information, please view the Company’s
website at www.fpxnickel.com or contact Martin Turenne, President and CEO, at (604) 681-8600.
On behalf of FPX Nickel Corp.
"Martin Turenne"
Martin Turenne, President, CEO and Director
Forward-Looking Statements
Certain of the statements made and information contained herein is considered “forward-looking
information” within the meaning of applicable Canadian securities laws. These statements address future
events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's
periodic filings with Canadian securities regulators. Actual results could differ from those currently
projected. The Company does not assume the obligation to update any forward-looking statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.