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Meridian Mining SE
Summary
| Project: | Bom Futuro | |
|---|---|---|
| Deposit: | Bom Futuro | |
| Location: | Brazil | |
| Commodities: | Tin | |
| Date: | 12/7/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-12-2017: Meridian Mining SE announces a PEA report for its Bom Futuro deposit at the Bom Futuro project. Initial Mineral resource and PEA incl. IRR 39.8% after-tax, NPV (10%) $50.2M. LONDON, Dec. 7, 2017 /CNW/ - Meridian Mining SE (TSX V: MNO) ("Meridia | |
| Resources: | (Resource): 3.3mt @ 626ppm Sn (Ind.) and 57.9mt @ 526ppm Sn (Inf.) at project | |
| CP/QP: | [Resources]: Simon Tear (H&S Consulting Pty ltd.) | |
| ABSTRACT: | LONDON, Dec. 7, 2017 /CNW/ - Meridian Mining SE (TSX V: MNO) ("Meridian" or the "Company") today released findings of its maiden Resource and Preliminary economic assessment for the Bom Futuro tailings project, in the state of Rondônia, in NW Brazil. The Bom Futuro tin mine has produced 195,000 tonnes of tin over a thirty-year history of continuous operation since its discovery in 1987. Meridian entered a joint venture with the project owners - Coopersanta - in late 20161 . The initial priority has been to evaluate opportunities to recover tin from the several million cubic meters of tailings which have accumulated around the Bom Futuro Hill. The appreciation of the tin price in recent years has created a more favourable climate for assessing retreatment scenarios. The Company engaged independent specialists H&S Consultants ("H&SC"; world experts servicing the global mining industry for 30 years) to undertake a resource estimation following a site visit completed in September 2017. The drilling and interpretation has now enabled a maiden resource estimate and a positive preliminary economic assessment. "The results of our resource studies and economic evaluation of the Bom Futuro tailings support the potential of this project to deliver a long-life operation," said Anthony Julien, President and CEO of Meridian. "Further opportunities exist at Bom Futuro to enhance the value of the project with exploration programs on the newly allocated areas, including extensions to the paleochannel systems which have contributed significantly to past production | |
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