For thousands of other reports visit RSC's Mineral Intellingence Map
INV Metals Inc.
Summary
| Project: | Loma Larga | |
|---|---|---|
| Deposit: | Loma Larga | |
| Location: | Ecuador | |
| Commodities: | Gold-Silver | |
| Date: | 3/31/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 31-3-2020: INV Metals Inc. announces a Feasibility Study report for its Loma Larga deposit at the Loma Larga project. Feasibility Study results incl. post-tax NPV of US$454M, IRR of 28.3%, 12yr LOM at the project. TORONTO, ON – March 31, 2020 – INV Metals | |
| Resources: | (Reserve, P+P): 13.9Mt @ 4.91g/t Au, 29.6g/t Ag, 0.29% Cu | |
| CP/QP: | [Resources]: Katharine Masun (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | TORONTO, ON – March 31, 2020 – INV Metals Inc. (“INV Metals” or the “Company”) is pleased to announce the positive results of the independent updated Feasibility Study (“FS”) prepared for its 100% owned Loma Larga gold-copper-silver project (“Loma Larga” or “Project”), located in Ecuador. Unless otherwise stated, all amounts are stated in U.S. dollars (“$”). Ms. Candace MacGibbon, CEO stated, “We are very pleased to release the positive results of the updated Feasibility Study which incorporate the relocation of the plant infrastructure and tailings facility near the proposed mine site; updated capital and operating cost estimates; and current Mineral Resources and Reserves. While the capital and operating costs have not changed materially since the results of the previous Feasibility Study were filed in January 2019 (“2019 FS”), the gold price environment has strengthened and we have reflected the current long-term consensus gold price of US$1,400/oz into the FS. The Project is forecasted to return a robust after-tax 28.3% Internal Rate of Return (“IRR”) and 2.4 year payback period. The FS reaffirms the Project’s viability, demonstrating the strong profitability and economics of the Loma Larga gold-copper-silver project.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report