Fortune Minerals to update feasibility study for NWT mine

A welcome sign into the community of Whatì. (Supplied by MyTrueNorthNow.com staff)
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Fortune Minerals is updating it’s feasibility study from 2014 for the company’s cobalt project.

The London, Ontario mining company has hired Hatch, P&E Mining Consultants and Micon International for the study.

The company recently received approval to construct an all-season road in the Northwest Territories. The road is expected to connect the community of Whatì to the territory’s highway system at highway 3.

The new road will also be used to connect Fortune Minerals’ potential new cobalt mine to a hydrometallurgical plant near Saskatoon, Saskatchewan.

The cobalt-gold-bismuth-copper project will be located 160 km northwest of Yellowknife, near Whatì. The company says it is expected to begin production by the early 2020s.

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