First Point Minerals Corp. (TSX:FPX) announced that the NI 43-101 Preliminary Economic Assessment conducted on the Decar Nickel Project, which is located in central British Columbia, gave positive results and with high economic potential.
As quoted in the press release:
This is a key milestone for First Point and the Decar Project,” said Jim Gilbert, President and CEO of First Point. “The PEA represents a solid, conservative first pass at the potential economics of the Project. In our view, there is considerable upside to be pursued in the area of nickel price realization, where higher-paying markets and/or products for Decar have yet to be tested. Improved payability would in turn unlock a larger portion of the resource base, as more than half the resource is currently constrained by price inputs. The commercial area will be a focus of the next phase studies of the Project.