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GrowMax Resources Corp.
Summary
| Project: | Bayovar | |
|---|---|---|
| Deposit: | Bayovar 7 | |
| Location: | Peru | |
| Commodities: | Phosphate | |
| Date: | 10/27/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 27-10-2016: GrowMax Resources Corp. announces a PEA report for its Bayovar 7 deposit at the Bayovar project. PEA results incl. post-tax NPV (10%) of $71M, IRR of 13.3%, 6 year payback period. Calgary, Alberta, September 12, 2016, GrowMax Resources Corp. ( | |
| Resources: | (Resource): 38.9Mt @ 12% P2O5 (Meas), 196.8Mt @ 12.48% P2O5 (Ind), 568.8Mt @ 13.6% P2O5 (Inf) | |
| CP/QP: | [Resources]: Jerry DeWolfe (Golder Associates) | |
| ABSTRACT: | Calgary, Alberta, September 12, 2016, GrowMax Resources Corp. (TSX-V:GRO) subsidiary, GrowMax Agri Corp., (collectively, “GrowMax” or the “Company”) is pleased to announce that the Company has received the results of an independent Preliminary Economic Assessment (the “PEA”) for its Bayovar 7 phosphate project on its property located in the Sechura Desert, Peru. WorleyParsons compiled the PEA for the development of phosphate Mineral Resources on the Company's Bayovar 7 mineral concession in Peru. WorleyParsons was responsible for the processing and infrastructure of the project and supported GrowMax’s economic analysis of the project which relied on data from GrowMax and other participants; Golder Associates prepared the mine plan and associated mineral resource statement (which incorporates the mineral resource statement from the Company’s technical report dated June 27, 2016 titled “Updated NI 43-101 Mineral Resource Technical Report on the GrowMax Bayovar Phosphate Project, Piura Region, Peru” filed on SEDAR on August 11, 2016); Integer Research Ltd. prepared the marketing research and phosphate price forecast; and MWH Peru SA provided the environmental and social impact assessment. The PEA report will be filed on SEDAR within 45 days. An updated corporate presentation showing location maps and geological cross sections will be posted to the Company’s website later today. | |
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