FPX Nickel completes pilot testwork at Baptiste

Executive Summary

• FPX Nickel completed a large‑scale pilot test processing 23 t of Baptiste ore, producing bulk awaruite concentrate (≈60 % Ni) for downstream partner evaluation.
• The pilot achieved targeted recoveries, grade and impurity levels at an average throughput of 430 kg/h over ~2.2 days, confirming the reliability of the Baptiste flowsheet.
• Results support strategic discussions with EV battery supply‑chain partners (pCAM producers, battery makers, automakers) and demonstrate compatibility of awaruite concentrate with existing nickel refineries and potential for bespoke hydrometallurgical refining to battery‑grade NiSO₄.

Key Details

• Pilot Plant Operator: Corem (Quebec, Canada) re‑engaged to run the test.
• Material Processed: 23 tonnes of Baptiste ore.
• Run Time & Throughput: ~2.2 days continuous; average 430 kg/h in primary grinding and magnetic separation circuits.
• Product: Bulk awaruite concentrate, ~60 % nickel, sulfur‑free, low deleterious elements.
• Targeted Outcomes Met: Recoveries, concentrate grade, impurity specifications aligned with expectations from prior pilot campaigns (April 30 2024; March 31 2025).
• Downstream Strategy:
• Route 1: Supply to third‑party nickel refineries (compatible with MHP and matte feedstocks).
• Route 2: Use as feedstock for a bespoke integrated hydrometallurgical refinery to produce battery‑grade NiSO₄.
• Sample Distribution: Bulk samples will be provided to prospective downstream partners, including pCAM producers, battery manufacturers and automakers, for direct testing.
• Strategic Impact: Demonstrates flexibility of awaruite concentrate in existing refining infrastructure and enhances FPX’s position in EV supply‑chain negotiations.
• Qualified Person: Metallurgical data prepared under NI 43‑101 by Kyle D. Marte, P.Eng., Director of Metallurgy (qualified person).

Notable Quotes

“The ability to process awaruite concentrate through existing nickel refineries provides us with greater strategic flexibility… This flexibility strengthens our position in strategic discussions with automakers, battery companies and other downstream partners…” – Martin Turenne, President & Director, FPX Nickel Corp.