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BMC (UK) Ltd.
Summary
| Project: | Kudz Ze Kayah | |
|---|---|---|
| Deposit: | ABM | |
| Location: | Canada | |
| Commodities: | Zinc-Lead-Silver-Copper-Gold | |
| Date: | 7/15/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-7-2019: BMC (UK) Ltd. announces a Feasibility Study report for its ABM deposit at the Kudz Ze Kayah project. Feasibility study results incl. post-tax NPV (7%) of $527M, IRR of 39.6%. BMC MINERALS (No. 1) LTD (“BMC Minerals” or the “Company”), a wholly | |
| Resources: | (Reserve, Prob.): 15.7Mt @ 0.9% Cu, 1.7% Pb, 5.8% Zn, 1.3g/t Au, 138g/t Ag | |
| CP/QP: | [Resources]: Aaron Green (CSA Global Pty Ltd.) | |
| ABSTRACT: | BMC MINERALS (No. 1) LTD (“BMC Minerals” or the “Company”), a wholly owned subsidiary of BMC (UK) LIMITED (“BMC UK”), today reports positive results from the Feasibility Study conducted on its 100% owned Kudz Ze Kayah Project located in Yukon, Canada. A Technical Report for the Feasibility Study which has been prepared in accordance with National Instrument 43-101 (“NI 43-101”) will be lodged with SEDAR within 45 days of this release. All dollar amounts herein are expressed in United States dollars, unless otherwise indicated. Scott Donaldson, BMC Mineral’s President commented: “The Feasibility Study confirms the Kudz Ze Kayah Project is expected to have high grades, high precious metals content, high margins and low costs with strong cashflows resulting in an anticipated capital payback within two years of production commencing.” BMC MINERALS (No. 1) LTD, a 100% owned subsidiary of BMC (UK) LIMITED, is 100% owner of the Kudz Ze Kayah Project (the “Project”) located in southeast Yukon, Canada. BMC Minerals have completed a Feasibility Study centred on the ABM deposit, a zinc-silver dominant polymetallic volcanogenic massive sulphide (“VMS”) deposit with copper, lead and gold credits. The Feasibility Study currently contemplates only mining and processing of the ABM and Krakatoa Zones that comprise the ABM deposit, one of several base and precious metal-rich VMS deposits identified in the district that are either owned or optioned by BMC Minerals. The Company believes that the district remains highly prospective in terms of the potential for future discovery. Additional work is planned to be undertaken with the aim of building a mineral resource base that could significantly extend the life of the Project. | |
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