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I-Minerals Inc.
Summary
| Project: | Bovill Kaolin | |
|---|---|---|
| Deposit: | Bovill Kaolin | |
| Location: | United States | |
| Commodities: | Quartz-Potassium-Feldspar-Halloysite-Kaolinite | |
| Date: | 3/3/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 3-3-2020: I-Minerals Inc. announces a Pre-Feasibility Study report for its Bovill Kaolin deposit at the Bovill Kaolin project. Pre-Feasibility Study results incl. post-tax NPV of US$34M, IRR of 18%. Vancouver, B.C. (March 3, 2020) -- I-Minerals Inc. (TSX. | |
| Resources: | ||
| CP/QP: | [Resources]: Steven Kerr (Millcreek Engineering) | |
| ABSTRACT: | Vancouver, B.C. (March 3, 2020) -- I-Minerals Inc. (TSX.V: IMA; OTCQB: IMAHF) (“the Company”) is pleased to announce that it has received the results of the Pre-Feasibility Study (“PFS”) for its Bovill halloysite and metakaolin project. The Bovill Project is strategically located within five miles of state highways with commercial distributions of electricity and natural gas already near the property boundary. The PFS was led by Millcreek Engineering , who were responsible for overall project management and the process plant and infrastructure design (including OPEX and CAPEX) and economic analyses. Other engineering and geological services were provided by Mine Development Associates (mine modelling; ore scheduling; mineral reserve estimation); SRK Consulting (U.S.) Inc. (mineral resource estimation); and, HDR Engineering Inc. (environmental review). A conservative approach to the build-up of sales has been assumed with full production being achieved in the first quarter of the 5th year of operation, as some product applications will require development. There is potential for full production to be achieved earlier which would have a corresponding positive effect on the NPV, IRR and the project payback period. | |
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