FPX Nickel Confirms Optimization of Baptiste Process Flowsheet, Improving Recovery by 4% for Upcoming Preliminary Feasibility Study
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FPX Nickel Confirms Optimization of Baptiste Process Flowsheet,
Improving Recovery by 4% for Upcoming Preliminary Feasibility
Study
Vancouver, June 27, 202 3 – FPX Nickel Corp. (TSX-V: FPX, OTCQB: FPOCF ) (“ FPX” or the
“Company”) is pleased to announce completion of the preliminary feasibility study (“PFS”) metallurgical
testwork campaign with key results supportin g the updated concentrator flowsheet and providing a
materially improved understanding of the process characteristics of the Baptiste Nickel Project (“Baptiste”
or the “Project”). The robust testwork campaign involved multiple bench- and pilot-scale programs, with
the resultantly improved process design basis increasing the Davis tube recoverable (“DTR”) nickel
recovery by 4% in comparison to the recovery assumed in the 2020 preliminary economic assessment
(“PEA”).
Highlights
• PFS testwork program is complete and results will be fully incorporated into the PFS expected in
September 2023
• The updated concentrator flowsheet increases DTR nickel recovery by approximately 4% to 88.7%,
in comparison to the 84.7% DTR nickel recovery assumed in the 2020 PEA
• DTR nickel is further validated as a geometallurgical screening tool which heightens confidence in
the PFS projected metallurgical recovery and resultant metal production profile
“Our completed metallurgical testwork campaign has further optimized the process flowsheet and improved
the recovery basis for the Baptiste PFS, which remains on schedule for delivery in September 2023 ,”
commented Andrew Osterloh, FPX Nickel’s Senior Vice-President, Projects & Operations. “The scale and
depth of our testwork is more analogous with feas ibility study -level testwork and reflects FPX’s
commitment to the development of this new, yet simple and robust, metallurgical process. These results
further validate awaruite’s processing advantages to produce a unique, high-grade product with unparalleled
flexibility to feed into the stainless steel or battery material supply chains.”
FPX has recently completed the PFS metallurgical testwork campaign, with objectives and key results from
each campaign phase presented in Table 1. The overall objectives of the program were to validate and
improve the PEA process design basis , provide a robust dataset to support process and engineering
optimization for the PFS , and to confirm the consistent metallurgical response of the very large Baptiste
deposit. For further information on each of the testwork phases, see the referenced FPX news releases in
Table 1.
Table 1 – PFS Metallurgical Testwork Program Summary
Phase Objective Key Results FPX News
Release Date
1 Pilot-scale testwork to confirm PEA
magnetic separation basis using life-
of-mine composite.
Magnetic separation configuration
validated, and results indicated potential
benefit to preferential grinding.
Sufficient feedstock generated for Phase 2
flotation program.
December 8,
2021
Bench- and pilot-scale grindability
testwork to expand comminution and
grinding parameter databases.
PFS-level comminution database
generated to support engineering
optimization studies.
2 Bench-scale testwork to confirm
nickel mineralogy across Baptiste
resource.
Confirmed consistency of resource
mineralization and validated DTR nickel
as a geometallurgical screening tool.
July 27, 2022
Bench-scale testwork to confirm the
PEA conclusion that froth flotation
can generate high grade nickel
concentrate.
Flotation configuration and results
validated, through the generation of a
high-grade nickel concentrate (> 60%
nickel) with strong locked cycle recovery.
3a Large-scale pilot testing to further
demonstrate the recovery benefits
observed in Phase 1, and to generate
sufficient feedstock for Phase 3c
testwork.
Further validation of flowsheet,
confirmation of preferential grinding
benefit, confirmation of magnetic
separation intensity benefit, and generation
of sufficient feedstock for Phase 3c.
January 24,
2023
3b Variability testing to confirm the
homogeneity of the Baptiste resource
and further validate DTR nickel as a
geometallurgical screening tool.
Consistent magnetic separation recoveries
achieved across all phases of the Baptiste
mine plan, validating resource
homogeneity and DTR nickel as a
geometallurgical screening tool.
May 3, 2023
3c Hydrometallurgical testing to
optimize previous leach testing, and
conduct purification and nickel
sulphate crystallization testwork.
Optimization of leaching resulting in
reduced reagent consumptions and
simplification of downstream purification
requirements.
Production of battery-grade nickel sulphate
and cobalt precipitate products.
May 17, 2023
While the overall PEA processing strategy has remained consistent and takes advantage of awaruite’s
unique characteristics, unit operations in the concentrator flowsheet have now been refined and are
presented in Figure 1.
Figure 1 – Optimized Baptiste Concentrator Flowsheet
Based on the optimized flowsheet and the subsequent PFS design, the estimated life of mine recovery for
the PFS is summarized in Table 2. The table also highlights key circuit design changes relative to the PEA,
as follows:
• The PFS design has split cleaning magnetic separation into two stages, cleaning and recleaning, as
an engineering optimization to maximum grinding energy efficiency with no significant impact on
nickel recovery
• A flotation tails treatment section, combining the leaching of flotation tailings and the recovery of
dissolved nickel, has also been added to the PFS design; this leaching stage accounts for
approximately 6.5 percent of the overall DTR nickel recovery
Table 2 – Life of Mine DTR Nickel Recovery – PEA vs. PFS
Recovery DTR Nickel Recovery (%)
PEA PFS
By
Processing
Stage
Roughing Magnetic Separation 90.1 95.0
Cleaning Magnetic Separation 100.0 99.3
Recleaning Magnetic Separation 99.7
Flotation 94.0 87.4
Flotation Tailings Treatment N/A 54.8
Overall To Awaruite Concentrate 84.7 82.2
To Mixed Hydroxide Precipitate N/A 6.5
Combined To Both Nickel Products 84.7 88.7
As seen in Table 2, based on a PFS average feed grade of 0.13% DTR nickel, the optimized PFS flowsheet
predicts an 88.7% DTR nickel recovery for the life-of-mine, representing an increase of 4% from the PEA.
On a total nickel basis, and based on PFS mineral resource average grade of 0.21% total nickel , the
optimized PFS flowsheet achieves 54.9% total nickel recovery.
Qualified Person
Jeff Austin, P.Eng., President of International Metallurgical and Environmental Inc. and FPX’s Qualified
Person under NI 43-101, has reviewed and approved the technical content of this news release.
About the Decar Nickel District
The Company’s Decar Nickel District represents a large-scale greenfield discovery of nickel mineralization
in the form of a naturally occurring nickel -iron alloy called awaruite (Ni 3Fe) hosted in an
ultramafic/ophiolite complex. FPX’s mineral claims cover an area of 245 km 2 west of the Midd le River
and north of Trembleur Lake, in central British Columbia. Awaruite mineralization has been identified in
several target areas within the ophiolite complex including the Baptiste Deposit and the Van Target, as
confirmed by drilling, petrographic e xamination, electron probe analyses and outcrop sampling. Since
2010, approximately US $28 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 focus o f increasing
resource definition (a total of 99 holes and 33,700 m of drilling completed), as well as environmental and
engineering studies to evaluate its potential as a bulk-tonnage open pit mining project. The Baptiste Deposit
is located within the Baptiste Creek watershed, on the traditional and unceded territory of Tl’azt’en Nation
and Binche Whut’en First Nation, and within several Tl’azt’enne and Binche Whut’enne keyohs. FPX has
conducted mineral exploration activities to date subject to the conditions of our agreements with the Nations
and keyoh holders.
About FPX Nickel Corp.
FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, 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 or
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.