Nickel Asia Corp. has estimated the net present value of the mineral reserves of its Dinapigue and Taganito mines at a 10 percent discount totalling P32.5 billion.
Nickel Asia owns 65 percent of Taganito mine in Surigao del Norte and the wholly-owned Dinapigue mine in Isabela.
Taganito has remaining reserves of around 65 million wet metric tons of limonite with grades of 1.01 percent nickel and 46.89 percent iron, and around 88.3 million WMT of saprolite with grades of 1.45 percent nickel and 12.08 percent iron. These reserves suggest the mine life would extend until 2041.
The net present value of the reserves is estimated at P29.6 billion.
The estimated mineral deposit at the Dinapigue mine, meantime, is estimated at 33.5 million wet metric tons of saprolite with grades of 1.41 percent nickel and 15.19 percent iron, and 27 million wet metric tons of limonite with grades of 1.02 percent nickel and 46.41 percent iron.
The mineral reserve, whose net present value is estimated at P2.9 billion, is enough to keep the Dinapigue mine operating until 2054.
