Anfield Nickel Corp. (TSXV:ANF) announced the Guatemalan government has granted it a new exploration license and an extension to an existing license at its Mayaniquel nickel project.
As quoted in the press release:
In addition to the issuance of the new exploration license and extension, the Company is pleased to provide a corporate update on its activities at Mayaniquel. On July 7 2011, the Company announced the results of a National Instrument 43-101 (“NI 43-101″) Preliminary Economic Assessment (the “PEA”) on the merits of constructing a ferronickel operation at Mayaniquel (see July 7, 2011 news release). The study determined that the operation would produce an estimated 19,900 tonnes of nickel per year over the 29.5 year mine life at an estimated average annual operating cost of US$3.14 per pound of nickel produced (net of iron credits).