2 April 2014
Improved economics at lower commodity price assumptions to advance project financing
Issued Capital: 150,526,976
LONDON, ON, April 2, 2014 /CNW/ - Fortune Minerals Limited (TSX: FT) (OTCQX: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) is pleased to announce the results of an updated Feasibility Study report by Micon International Limited ("Micon") for Fortune's 100% owned NICO gold-cobalt-bismuth-copper project. NICO is a planned vertically integrated project consisting of an open pit and underground mine and mill near Yellowknife in the Northwest Territories ("NT") and a hydrometallurgical refinery near Saskatoon - the Saskatchewan Metals Processing Plant ("SMPP"), where Fortune will process concentrates from the mine to high value metal products. Both sites have already received the environmental assessment ("EA") approvals in their respective jurisdictions and are now in the final permitting phase.