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Dominion Diamond Corp.
Summary
| Project: | Ekati | |
|---|---|---|
| Deposit: | Misery Deep | |
| Location: | Canada | |
| Commodities: | Diamonds | |
| Date: | 5/23/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Active Mining & Production | |
| Report details: | 23-5-2017: Dominion Diamond Corp. announces a Pre-Feasibility Study report for its Misery Deep deposit at the Ekati project. PFS results incl. post-tax NPV of $92M and IRR of 40%. YELLOWKNIFE, NT (May 23, 2017) – Dominion Diamond Corporation (TSX: DDC, NY | |
| Resources: | (Reserve, Prob.): 1.8Mt @ 4.8cpt for 8.7Mct at Misery Deep | |
| CP/QP: | [Resources]: Peter Ravenscroft (Burgundy Mining Advisors Ltd.) | |
| ABSTRACT: | YELLOWKNIFE, NT (May 23, 2017) – Dominion Diamond Corporation (TSX: DDC, NYSE: DDC) (the “Company” or “Dominion”) is pleased to report the positive results of a pre-feasibility study (Misery Deep PFS) on the development of an underground operation below the Misery open pit at the Ekati Diamond Mine (“Ekati mine”) in the Northwest Territories of Canada. The Company is also providing an update on the Fox Deep project below the mined-out Fox open pit at the Ekati mine. The Misery and Fox kimberlite pipes are located in the Core Zone Joint Venture in which the Company has an 88.9% participating interest. Unless otherwise indicated, all amounts are presented on a 100% basis, and all financial information is presented in US dollars. “Our exciting high-return Misery Deep project, with a post-tax IRR of 40%, is advancing towards development and is expected to enhance our production profile at Ekati over the medium term,” said Jim Gowans, Chairman of the Board. “The new mineral reserve at Misery Deep reflects the addition of high grade ore close to our existing mining operation and demonstrates the near- to longer-term upside potential at known kimberlites in the Lac de Gras district.” The Misery Main pipe is currently in production as an open pit operation, and is expected to account for approximately 20% of tonnes processed and approximately 60% of carats recovered at the Ekati mine in fiscal 2018. The Misery Deep PFS evaluated the underground development of the Misery Main pipe as an incremental development opportunity to the existing mine plan. | |
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