TORONTO, Aug. 24, 2023 /CNW/ - Nickel Creek Platinum Corp. (TSX: NCP) (OTCQB: NCPCF) ("Nickel Creek" or the "Company") is pleased to announce the results of a positive pre-feasibility study ("PFS") at its 100%-owned Nickel Shäw Project (the "Project") located in the Yukon, Canada. The PFS has been prepared by AGP Consultants Inc. ("AGP"). The estimated Project after-tax net present value ("NPV") at a 5% discount rate is $143 million with an after-tax internal rate of return ("IRR") of 5.8%. All dollars are expressed in Canadian dollars unless otherwise stated.

Stuart Harshaw, President and CEO of Nickel Creek commented: "The PFS is an important milestone in realizing the opportunity the Nickel Shäw Project represents in the critical mineral space where it can provide nickel and copper to take advantage of the strong nickel market for EV batteries. The sensitivity to energy costs illustrates how working with the different levels of government can lead to a significant improvement in value, especially when combined with the previously announced intention of the Federal government to provide a tax incentive for critical mineral projects such as Nickel Shäw. Moving forward, our focus will be to continue to add value to the project through work on identified key economic areas of opportunity and continued mineral exploration success while advancing towards a feasibility study."

Project PFS Highlights
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