Hard Creek Nickel Corp. (TSX - HNC) is developing the Turnagain Nickel deposit, a giant nickel sulphide deposit in north central British Columbia, Canada. A Preliminary Economic Assessment announced in October, 2011 models initial production of 52 million pounds of nickel and 2.8 million pounds of cobalt per year in a high quality, 18% nickel concentrate for sale to smelters. Production ramps up in year six to 97 million pounds of nickel plus 5.3 million pounds of cobalt per year for the next sixteen years. Financial metrics are competitive with every other large greenfields nickel project in the world.
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Disclaimer - This document includes the use of inferred resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. The noted assessment results are preliminary in nature and there is no assurance the mining scenarios outlined would ever be realized.
This document uses the terms "measured" "indicated" and "inferred" resources. We advise U.S. investors that while those terms are recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission do not recognize them. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories would ever be converted to reserves.
This document contains "forward looking statements" which are subject to risks, both known and unknown, which may affect the outcome of such forward looking statements. Known risks include, but are not limited to, financing risks, commodity price risks, scheduling risks and engineering risks.