Geomechanics.io

  • Free Tools
Sign UpLog In

Geomechanics.io

Geomechanics, Streamlined.

© 2026 Geomechanics.io. All rights reserved.

Geomechanics.io

CMRR-ioGEODB-ioHYDROGEO-ioQCDB-ioFree Tools & CalculatorsBlogLatest Industry News

Industries

MiningConstructionTunnelling

Company

Terms of UsePrivacy PolicyLinkedIn
    Projects
    Contract Award

    NICO project battery grade cobalt sulphate: flowsheet and cost lens for mine planners

    January 21, 2026|

    Reviewed by Joe Ashwell

    NICO project battery grade cobalt sulphate: flowsheet and cost lens for mine planners

    First reported on MINING.com

    30 Second Briefing

    Validation test work at Fortune Minerals’ NICO project in Canada’s Northwest Territories has confirmed production of battery grade cobalt sulphate heptahydrate using an optimised, simplified hydrometallurgical flowsheet with good metal recoveries, aimed at curbing capital and operating cost escalation. The planned development combines an open pit and underground mine plus concentrator feeding a dedicated refinery in Alberta to produce cobalt sulphate, bismuth ingots and copper cement, underpinned by 1.1 million in-situ oz of gold. Funding includes C$7.5 million from Natural Resources Canada and US$6.38 million from the US Department of Defense.

    Technical Brief

    • Validation test work confirmed cobalt sulphate heptahydrate product quality from the optimised hydrometallurgical flowsheet.
    • Flowsheet simplification is explicitly targeted at curbing both capital cost and operating cost escalation.
    • NICO deposit is described as containing approximately 12% of known global bismuth reserves.
    • Project configuration couples an open pit and underground mine with an on-site concentrator in the Northwest Territories.
    • Refinery design allows for treatment of NICO concentrates plus additional third‑party feed sources.
    • Co-products include bismuth ingots and copper cement, alongside cobalt sulphate and over 1.1 Moz in-situ gold.
    • Government support comprises C$7.5 million from Natural Resources Canada and US$6.38 million from the US Department of Defense.

    Our Take

    With NICO holding about 12% of global bismuth reserves alongside cobalt and gold, Fortune Minerals is positioned more like a diversified critical-minerals supplier than a single-metal cobalt play, which can materially improve project resilience to price cycles in any one commodity.

    Dual backing from Natural Resources Canada and the US Department of Defense aligns NICO with the emerging North American critical-minerals security agenda seen in the proposed $2.5 billion US Strategic Resilience Reserve, suggesting the project could be a candidate feed source for future government stockpiles of cobalt and allied materials.

    Battery-grade cobalt sulphate heptahydrate output from a dedicated hydrometallurgical refinery in Canada would give downstream cathode and lithium-ion manufacturers an option that is both non-Chinese and non-DRC, a supply-chain attribute that has been a recurring concern in our cobalt-focused coverage.

    Geotechnical Software for Modern Teams

    Centralise site data, logs, and lab results with GEODB-io, CMRR-io, and HYDROGEO-io.

    No credit card required.

    • Save and export unlimited calculations
    • Advanced data visualisation
    • Generate professional PDF reports
    • Cloud storage for all your projects

    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

    Related Articles

    American Rare Earths’ Halleck Creek: byproduct and tailings value lens for engineers
    Mining
    about 12 hours ago

    American Rare Earths’ Halleck Creek: byproduct and tailings value lens for engineers

    American Rare Earths’ Halleck Creek project in Wyoming has secured a Seed Translational Acceleration of Research (STAR) award via the University of Wyoming’s NSF Accelerating Research Translation programme to study byproducts and tailings from rare earth extraction. The work, led by Tyler Brown at UW’s School of Energy Resources, will assess technical viability, processing requirements and end-use applications for these materials and their impact on project economics. Halleck Creek metallurgical tests have already upgraded ore from 0.34% to 3.72% TREO, removing 93.5% of non-rare earth material early so only 6.5% requires further refining.

    Northern Star’s productivity drive: mine planning and cost lessons for engineers
    Mining
    about 13 hours ago

    Northern Star’s productivity drive: mine planning and cost lessons for engineers

    Northern Star Resources is tightening cost discipline and targeting higher productivity across its Australian gold portfolio after a “challenging” period, with particular emphasis on its Kalgoorlie and Yandal operations and integration of the KCGM Super Pit. The company is pushing mine-planning optimisation, fleet efficiency and mill throughput improvements at processing hubs such as Kanowna Belle and Thunderbox, while scrutinising unit costs per ounce. For contractors and suppliers, the shift signals closer attention to drilling productivity, equipment utilisation and ore-handling performance benchmarks on existing brownfield sites.

    South32’s Australian operations rebound: brownfield lessons for mine planners
    Mining
    about 13 hours ago

    South32’s Australian operations rebound: brownfield lessons for mine planners

    South32’s Australian operations have rebounded in the first half of FY26, with stronger output from its manganese and zinc businesses lifting group production and offsetting weaker contributions from some overseas assets. The turnaround centres on operations such as GEMCO and Cannington, where higher ore grades and improved plant availability have supported increased concentrate and alloy volumes. For mine planners and process engineers, the performance points to continued investment in brownfield debottlenecking and reliability upgrades rather than major greenfield capacity additions in the near term.

    Related Industries & Products

    Mining

    Geotechnical software solutions for mining operations including CMRR analysis, hydrogeological testing, and data management.

    Tunnelling

    Specialised solutions for tunnelling projects including grout mix design, hydrogeological analysis, and quality control.

    CMRR-io

    Streamline coal mine roof stability assessments with our cloud-based CMRR software featuring automated calculations, multi-scenario analysis, and collaborative workflows.

    HYDROGEO-io

    Comprehensive hydrogeological testing platform for managing, analysing, and reporting on packer tests, lugeon values, and hydraulic conductivity assessments.

    GEODB-io

    Centralised geotechnical data management solution for storing, accessing, and analysing all your site investigation and material testing data.

    AllGeotechnicalMiningInfrastructureMaterialsHazardsEnvironmentalSoftwarePolicy