Panther Metals is feeling optimistic about the future of its Coglia nickel-cobalt project near Laverton, with plans to have it operational by the start of 2026. Despite the recent downturn in nickel prices, the company’s scoping study indicates a bright outlook thanks to a conservative price assumption of $US8.16/lb.
The study forecasts that open-pit mining at Coglia could bring in $776.6 million in cash flow over a 10-year mine life, with development costs estimated at $376.9 million. Panther Metals also revealed that the project has a net present value of $409 million, an internal rate of return of 31.8%, and a 3.2-year payback period.
With an all-in-sustaining cost of US$4.68/lb, Panther believes that the project is economically robust, even with a conservative leach recovery rate of 50%. The company expects to produce 94,700 tonnes of nickel and 9300 tonnes of cobalt.
Panther Metals’ managing director and chief executive, Daniel Tuffin, emphasized the company’s commitment to environmentally friendly practices, with plans for a 3.5Mtpa bioleach facility. Tuffin expressed confidence in Coglia’s potential for future expansion and enhancement, stating that the project will play a significant role in Australia’s battery-powered future.
As Panther Metals moves forward with the development of Coglia, the company is excited about the opportunities ahead and the potential for the project to become a national asset in the growing battery metal industry.
