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Canadian Metals Inc.
Summary
| Project: | Langis | |
|---|---|---|
| Deposit: | Langis | |
| Location: | Canada | |
| Commodities: | Silica | |
| Date: | 4/19/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 19-4-2018: Canadian Metals Inc. announces a Pre-Feasibility Study report for its Langis deposit at the Langis project. PFS results incl. after tax NPV of US $388M (8%), IRR of 22%, 28yr LOM and Initial ore reserve. April 19 th , 2018. Montreal, Quebec—Can | |
| Resources: | (Reserve, P+P): 6.3Mt @ 99% SiO2 | |
| CP/QP: | [Resources]: Claude Duplessis (GoldMinds Geoservices Inc.) | |
| ABSTRACT: | April 19 th , 2018. Montreal, Quebec—Canadian Metals Inc. (the “Corporation”) (CSE: CME) is very pleased to announce positive project economics of the Langis prefeasibility study (PFS), with opportunities to further optimize the project during the next stage of the project development and this way enhance the economics. The Prefeasibility Study was prepared by CIMA+in partnership with several Quebec-based engineering firms: GoldMinds Geoservices for Mineral Resources & Reserve Estimate and Mining; WSP for Environmental Impact and Strategy; Michel Bilodeau for Financial Analysis and CIMA+ for Metallurgical Process, CAPEX, OPEX, and Engineering. Mr. Vallée, President and CEO of Canadian Metals, stated: “We are extremely motivated by the successful prefeasibility study and very encouraging project financials. We worked as one team with our partners CIMA+, building on the previously successful completion of the Preliminary Economic Assessment of the project, and as a result, we are pleased to conclude yet another successful step towards building our Langis project.” | |
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