Engebø DFS update in progress - considerable CAPEX reduction expected
Nordic Mining has appointed engineering companies Hatch and Axe Valley Mining to confirm and develop the opportunities identified by Ausenco in their Value Engineering review for update of Engebø DFS. The Value Engineering review was initiated as a result of the uncertainties caused by the Covid-pandemic to improve the robustness of the Engebø project. Realization of the value opportunities is expected to result in considerable reduction in initial capital expenditure, and further improve the economic utilization of the Engebø deposit. The DFS update will focus on the following