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Abcourt Mines Inc.
Summary
| Project: | Abcourt-Barvue | |
|---|---|---|
| Deposit: | Abcourt-Barvue | |
| Location: | Canada | |
| Commodities: | Silver-Zinc | |
| Date: | 5/1/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 1-5-2019: Abcourt Mines Inc. announces a Feasibility Study report for its Abcourt-Barvue deposit at the Abcourt-Barvue project. Updated feasibility study results incl. post-tax NPV of CAD $41.0M, pre-tax IRR of 20.5%. An economic model was prepared for th | |
| Resources: | (Resource, M+I): 8.083Mt @ 55.45g/t Ag, 3.06% Zn at project | |
| CP/QP: | [Resources]: Paul Bonneville (PRB Mining Services Inc.) | |
| ABSTRACT: | An economic model was prepared for the Project to estimate annual cash flows and assess sensitivities to certain economic parameters. The economic results of this report are based upon the engineering performed by Bumigeme Inc., PRB Mining Services, and Abcourt Mines Inc. The Project includes an open pit mine, an underground mine, a process plant to recover a zinc concentrate, surface infrastructure to support the mine and mill operations, and a tailings storage facility. The analysis used a zinc price of 1.10 US$/lb, a silver price of 16.50 US$/Oz, and an exchange rate of 1.25 CA$/US$. The Project indicates a pre-tax cash flow of $170.0 million Canadian dollars, a pre-tax NPV @ 8% discount rate of $72.6 million Canadian dollars, and a pre-tax IRR of 26.1%. The project pretax payback period is 4.9 years. Using a discount rate of 5% (as in the Genivar 2007 report), the pre-tax net present value is $100.4 million Canadian dollars. The project is most sensitive to revenue, in particular to the price of zinc. The Project indicates an after-tax cash flow of $106.7 million Canadian dollars, an after-tax NPV @ 8% of $41.0 million Canadian dollars and a pre-tax IRR of 20.5%. The project after-tax payback period is 5.3 years. Table 22.1summarizes the Economic Analysis results. | |
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