Preliminary feasibility study puts $164 million value on Lunnon Metals’ Baker nickel deposit

A preliminary feasibility study has put a pre-tax net present value of $164 million on Lunnon Metals’ Baker deposit, part of the company’s Kambalda nickel project.

Lunnon told the ASX on Monday the PFS suggested an initial probable ore reserve of 612,000 tonnes at 2.86 per cent nickel for 17,500 contained nickel tonnes at Baker.