Legalectric

Talon Metals is in the news…

Talon hits high-grade massive sulphide mineralisation at Tamarack Nickel

… and it’s something Minnesota needs to pay attention to. I got a heads up from a friend who lives nearby, at a time when they were expanding the area they were “exploring.” Their location in Tamarack seems, well, like something I’d expect of a company HQ in British Virgin Islands, though the article has them posing in front of a different building:

From the article above, “The early stage study estimated initial capex of US$83.33 million and an after-tax payback of 2.5 years. The PEA, which used a nickel concentrate price of US$2.67 per lb., forecast an after-tax net present value of US$291 million, at a 7% discount rate, and an internal rate of return of 36%.“

And this:

An updated preliminary economic assessment in March 2020 envisioned an underground mine producing 4.9 million tonnes of processed ore over eight years at all-in sustaining costs of US$3.57 per lb. of nickel concentrate.

Looking at these “maps” I’m thinking of knee surgery, hard to recognize as a map:

This is more like it:

This looks like their area, from google earth (how did we live without the internet?):

Check this inset map in lower right corner — huge file, doesn’t want to save, so here’s the link: https://files.dnr.state.mn.us/lands_minerals/mpes_projects/mnmin2017_coppernickel.pdf

Legalectric post from a while ago:

Tamarack copper-nickel exploration?

And here’s their PR blurb: