9 November 2017
Fortune Minerals Limited announced a change in scope for the updated feasibility study in progress for its 100% owned NICO cobalt-gold-bismuth-copper project in the Northwest Territories. Fortune is examining the feasibility of a 20% to 30% increase in the planned NICO production rate over the 4,650 metric tonnes of ore per day used in the previous 2014 feasibility study and producing 1,700-2,000 tonnes cobalt units per year in a battery grade cobalt sulphate heptahydrate.