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Metalicity Ltd.
Summary
| Project: | Admiral Bay | |
|---|---|---|
| Deposit: | Admiral Bay | |
| Location: | Australia | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 10/10/2017 | |
| Report Code: | JORC | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-10-2017: Metalicity Ltd. announces a Pre-Feasibility Study report for its Admiral Bay deposit at the Admiral Bay project. PFS results support a capital efficient, long life and low cost operation at Admiral Bay. Metalicity Limited (ASX:MCT) (“MCT” or “ | |
| Resources: | (Resource, Inf.): 170Mt @ 4.1% Zn, 2.7% Pb, 25g/t Ag, 10% Ba at Admiral Bay | |
| CP/QP: | [Overall Report]: Not stated (SRK Consulting (Australasia) Pty Ltd.) | |
| ABSTRACT: | Metalicity Limited (ASX:MCT) (“MCT” or “Company”) is pleased to provide an update on the Pre-Feasibility (“PFS”) for the Admiral Bay Zinc Project (“Admiral Bay”), located in the northwest of Australia. The PFS Stage 1 has been successfully completed and further confirms Admiral Bay has the potential to support a capital efficient, long life and low-cost zinc/lead/silver operation. The PFS stage 1 work at Admiral Bay has involved the refinement of the preferred PFS pathway including the design and budgeting of drilling options, the compilation of a new Mineral Resource Estimate (MRE) for the high-grade zone (Figure 2) and testwork on various critical success factors regarding mining and processing optionality. As outlined in the Scoping Study, the development and mining of Admiral Bay has been independently reviewed as technically feasible. To de-risk Admiral Bay through to decision to mine the PFS has been undertaken in two stages, PFS stage 1 and PFS stage 2. The PFS is being project managed by Metalicity and peer reviewed by SRK Consulting. “The Pre-Feasibility Stage 1 has delivered outstanding results for Admiral Bay and has de-risked the project in key areas that were identified from the Scoping Study and from discussions with potential JV partners. Firstly, the company aimed to reduce the overall capital intensity of the project which has given rise to a conceptually more capital efficient starter mine using the DSO concept and preliminary testwork has confirmed the viability. | |
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