VANCOUVER, BC, March 7,
2022 /CNW/ - FPX Nickel Corp. (TSXV: FPX) (OTCQB:
FPOCF) ("FPX" or the "Company") is pleased to
announce the appointment of Kyle
Marte, P. Eng., as the Company's Principal
Metallurgist. Mr. Marte, formerly Senior Process Engineer
with Fluor Canada Ltd. specializing in the metallurgical recovery
of base and battery metals, will lead the advancement of the
metallurgical understanding of FPX's projects, including the
PEA-stage Baptiste Nickel Project in central British Columbia.
![FPX Nickel Corp. Logo (CNW Group/FPX Nickel Corp.) FPX Nickel Corp. Logo (CNW Group/FPX Nickel Corp.)](https://mma.prnewswire.com/media/1760130/FPX_Nickel_Corp__FPX_Nickel_Announces_Appointment_of_Principal_M.jpg)
"We are excited to welcome Kyle to our growing team and look
forward to leveraging his in-depth understanding of concentrator
and hydrometallurgical processes in both base and battery metals,"
commented Andrew Osterloh, FPX
Nickel's Vice-President, Projects. "After spending the early part
of his career focused in copper, Kyle has since focused on projects
in the battery metal sphere, acting as a lead process engineer for
some of the world's largest mining companies from concept studies
through to detailed design. As we continue the development of an
optimized flowsheet for our flagship Baptiste project, Kyle will
play a critical role in advancing the opportunity for FPX to be a
leading producer of low-cost, low-carbon nickel sulphate for
electric vehicle batteries."
Mr. Marte has 15 years' mining industry experience in mineral
processing and hydrometallurgy. In his role as Senior Process
Engineer for Fluor, he led the metallurgical development for
several base and battery metal projects for clients including,
South32, ioneer, Albermarle, and Freeport McMoRan. Prior to
joining Fluor, Mr. Marte acted as Senior Process Engineer at Wood
(formerly Amec Foster Wheeler), where he led and/or supported
process engineering for clients including Teck, Rio Tinto and
Lundin Mining. Earlier in his career, he was the Lead Process
Engineer for the Baja Mining Owner's Team on the Boleo project,
supporting detailed design and commissioning of a whole-ore
refinery producing copper cathode, cobalt cathode, and zinc
sulphate salts. Mr. Marte is a Member of the Association of
Professional Engineers and Geoscientists of British Columbia and holds a Bachelor of
Applied Science in Metals and Materials Engineering from the
University of British Columbia.
FPX has granted 250,000 stock options to Mr. Marte. The stock
options have an exercise price of $0.75 per share and will expire on March 4, 2027.
About the Decar Nickel District
The Company's Decar Nickel District claims cover 245
km2 of the Mount Sidney Williams ultramafic/ophiolite
complex, 90 km northwest of Fort St.
James in central British
Columbia. The District is a two-hour drive from Fort St. James on a high-speed logging
road.
Decar hosts a greenfield discovery of nickel mineralization in
the form of a naturally occurring nickel-iron alloy called awaruite
(Ni3Fe), which is amenable to bulk-tonnage, open-pit
mining. Awaruite mineralization has been identified in four target
areas within this ophiolite complex, being the Baptiste Deposit,
and the B, Sid and Van targets, as confirmed by drilling,
petrographic examination, electron probe analyses and outcrop
sampling on all four. Since 2010, approximately US
$28 million has been spent on the
exploration and development of Decar.
Of the four targets in the Decar Nickel District, the Baptiste
Deposit, which was initially the most accessible and had the
biggest known surface footprint, has been the focus of diamond
drilling since 2010, with a total of 82 holes and over 34,000 m of drilling completed. The Sid target
was tested with two holes in 2010 and the B target had a single
hole drilled in 2011; all three holes intersected nickel-iron alloy
mineralization over wide intervals with DTR nickel grades
comparable to the Baptiste Deposit. The Van target was not
drill-tested at that time as bedrock exposures in the area were
very poor prior to more recent logging activity. In 2021, the
Company executed a maiden drilling program at Van, which has
returned promising results comparable with the strongest results at
Baptiste.
About FPX Nickel Corp.
FPX Nickel Corp. is focused on the exploration and development
of the Decar Nickel District, located in central British Columbia, and other occurrences of the
same unique style of naturally occurring nickel-iron alloy
mineralization known as awaruite. For more information, please view
the Company's website at www.fpxnickel.com.
On behalf of FPX Nickel Corp.
"Martin Turenne"
Martin Turenne, President, CEO and
Director
Forward-Looking Statements
Certain of the
statements made and information contained herein is considered
"forward-looking information" within the meaning of applicable
Canadian securities laws. These statements address future events
and conditions and so involve inherent risks and uncertainties, as
disclosed in the Company's periodic filings with Canadian
securities regulators. Actual results could differ from those
currently projected. The Company does not assume the obligation to
update any forward-looking statement.
Neither the TSX Venture Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or accuracy of
this release.
SOURCE FPX Nickel Corp.