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2 days ago · On 26 October 2021 Sibanye-Stillwater announced that it had entered into purchase and sale agreements with affiliates of funds advised by Appian Capital Advisory LLP (“Appian”) to purchase 100% of the Santa Rita nickel mine (“Santa Rita”) and the Serrote copper mine, both located in Brazil, for a cash consideration of US$1.0 billion and ...
Sep 13, 2020 · Appian acquired Atlantic Nickel, the 100% owner of Santa Rita, in 2018. About Atlantic Nickel Atlantic Nickel is the owner and operator of Santa Rita, an open-pit nickel-copper-cobalt sulphide operation located in Bahia, Brazil. Santa Rita is a fully permitted, past-producing nickel mine currently undergoing an operational restart.
Sep 28, 2020 · Santa Rita’s open-pit measured and indicated resources stand at 59.15 million tonnes grading 0.33% nickel sulphide, 0.11% copper, 0.01% cobalt, 0.03 gram palladium per tonne, 0.06 gram platinum ...
Jun 15, 2020 · June 15 2020. Santa Maria Nickel Mine Restart. The Santa Rita nickel located near Ipiau in the Bahia state of Brazil is one of the biggest open-pit nickel sulphide mines in the world. The Santa Rita nickel-cobalt sulphide operation is currently owned and operated by Atlantic Nickel, a wholly-owned subsidiary of Appian Capital Advisory.
- Mineral Resource (Open Pit)
- Underground Resource Drilling
- Quality Assurance
- Paulo Castellari, CEO of Atlantic Nickel, Appian Brazil Commented
The resource model was updated using the 30,785m RC infill drill program. The RC infill drilling targeted the first four years of production. The updated Resource model will provide the basis for a new mine plan and a geo-metallurgical model for the re-start of production in 2020. The detailed program confirmed the nickel sulphide mineralisation, g...
The large underground diamond drilling program is nearing completion and at its peak utilised twelve diamond drill rigs. All core was logged, sampled and stored at Atlantic Nickel’s core storage facility. The program was designed to upgrade the known extent of the Mineral Resource and improve the resource confidence. The drilling targeted the wider...
The Mineral Resource estimate was carried out by Wood qualified persons Timothy O. Kuhl Douglas Reid, Dr Harry Parker, and MTS qualified person Dr. Ted Eggleston. The individuals have been involved with Atlantic Nickel for 18 months. Database completion, quality assurance/quality control, sampling protocols were reviewed, signed off in conjunction ...
“I am delighted by these robust drill results, the updated Mineral Resource (open pit), promoting a well-managed restart of open pit mining operations in 2020. The results from the deep diamond drilling below the open pit Mineral Resource support Atlantic Nickel’s potential towards a long-life operation beyond the open pit. I am also excited about ...
Santa Rita is one of the very few long-life nickel sulphide mines in operation globally, boasting 35 years of mine life producing between 20-35 ktpa NiEq contained in concentrate. Based on an NI 43-101 technical report completed in 2021, the operation mines an 8-year open pit with an NPV8 of US$570m, then transitions to 27-years of underground sublevel caving operations with an NPV8 of US$812m.
Oct 26, 2021 · Santa Rita is a top ten global producing nickel sulphide mine in the world. The operation is a conventional open pit nickel operation with a 7 year open pit operating life with significant potential to access underground resources, extending the mine life by a further 27 years.
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