Giga Metals Corporation (GIGA:TSXV)

  • The Turnagain Project is one of the world’s largest undeveloped nickel-cobalt sulphide deposits, boasting a robust PFS with an NPV(7%) of $574M and significant leverage to rising nickel prices.

  • Exploration planned for 2025 aims to identify new high-grade zones, further enhancing project economics and scalability.

  • The project has a low C1 cash cost of $4.70/lb Ni (after by-product credits) and produces a high-purity concentrate.

  • The asset is backed by a strategic partnership with Mitsubishi Corporation.

Investment Summary

Company Description

Giga Metals Corporation’s core asset is the Turnagain Project, located in northern British Columbia, which contains one of the few significant undeveloped sulphide nickel and cobalt resources in the world. Turnagain is held in Hard Creek Nickel, a subsidiary owned 85% by Giga Metals Corporation and 15% by Mitsubishi Corporation. A Pre-Feasibility Study was released in October 2023.

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