The Santa Rita Mine consists of a simple and low cost operation, producing a high quality nickel concentrate
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VISION AND STRATEGY
Atlantic Nickel is active across exploration, mining, beneficiation and marketing of nickel concentrate produced from its wholly owned Santa Rita nickel mine in Bahia, northeast Brazil. The owners are advised by Appian Capital Advisory LLP, a leading investment advisor in the metals and mining industry, with worldwide experience across South America, North America and Africa and a track record of successfully supporting companies achieve their development targets.
Optimization opportunities have been identified that will serve to reduce the operation’s cost position and generate an attractive cash flow profile at conservative nickel prices. In addition to the base case mine plan, there is significant potential to extend the mine life and increase the production capacity of the operation.
Our commitment is to work safely, ethically and sustainably to produce quality nickel sulphide concentrate while maintaining the highest environmental standards. Atlantic Nickel invests heavily into health, safety, environmental and social initiatives that contribute to enhancing the quality of life within the surrounding area. We are a company that recognises its responsibility, and is focused on bringing several improvements to the local population by contributing to economic growth and community initiatives.
APPROACH TO VALUE CREATION
The Atlantic Nickel team works closely with Appian Capital Advisory LLP, pursuing a highly technical and detailed approach to the entire Santa Rita project, identifying and mitigating key operational risks and pursuing growth opportunities.
- Improved geological understanding of the asset combined with detailed resource modelling to improve mine and plant performance
- Re-scoped mine plan focused on highest grade portion of orebody significantly improves project economics
- Production of high quality nickel sulphide concentrate to serve the world’s leading smelters
OUR OPERATION
The Santa Rita mine is located in the Itagibá municipality of Bahia state in northeast Brazil with Atlantic Nickel’s corporate office located in the city of Belo Horizonte, Minas Gerais, the birthplace of mining activities in Brazil.
The operation consists of a simple and low cost open pit and benefits from existing permits and infrastructure, including energy, water and paved roads to site. The mine and beneficiation plant is just 6km from the city of Ipiaú, where the majority of the workforce resides, and 140km from the Port of Ilhéus, providing excellent access to global export infrastructure.
Atlantic Nickel has identified a 25+ year life of mine operation based on the existing open pit ore reserves and the underground potential.