Canada Nickel Company Inc at Red Cloud Fall Mining Showcase Transcript
Thanks for the introduction, Tim.
So at Canada Nickel, we're advancing the 100% owned Crawford Nickel Project that's just outside of Timmins. Couple of things I want to talk on. First is the nickel fundamentals. We think that the EV transition here is going to create a pretty significant demand for nickel towards the middle of 2025. Typically, you got pretty good super cycles. We saw one in the mid-2000s, 2005 timeline. And then we believe that the 2025 timeline is going to start another one.
Couple of things that we've done at Crawford. Last year in May, we issued our PEA. And it confirmed a pretty robust project economics of $1.2 billion after-tax NPV, and it's 16% IRR. Then we've updated our mineral resource statement in the middle of this year. In May, we've pretty much doubled the resource. And we'll have about 1.3 million tonnes to 1.8 million tonnes -- billion tonnes of material that will go through the feasibility this year.
We're looking to announce our feasibility results in Q4 of this year. There's
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