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NGEx Resources Inc.
Summary
| Project: | Los Helados | |
|---|---|---|
| Deposit: | Los Helados | |
| Location: | Chile | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 11/25/2014 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-11-2014: NGEx Resources Inc. announces a PEA report for its Los Helados deposit at the Los Helados project. PEA results incl. pre-tax NPV (8%) of $723M, IRR of 10.4% (65 kt/d case). AMEC International Ingeniería y Construcción Limitada (AMEC) was commi | |
| Resources: | (Resource): 2099Mt @ 0.48% CuEq. (Ind.) and 827Mt @ 0.39% CuEq. (Inf.) | |
| CP/QP: | [Resources]: Gino Zandonai (Behre Dolbear & Company (USA) Inc.) | |
| ABSTRACT: | AMEC International Ingeniería y Construcción Limitada (AMEC) was commissioned by NGEx Resources Inc. (NGEx) to compile an independent NI 43-101 Technical Report (the Report) on the results of a Preliminary Economic Assessment (PEA) on the Los Helados Project (the Project) located in the Atacama Region of Northern Chile. The firms and consultants who are responsible for this Report, which is based on the PEA, are AMEC and Behre Dolbear International Ltd. (Behre Dolbear). The Report will be used in support of NGEx’s press release entitled “NGEx Announces Positive Result of Preliminary Economic Assessment and an Updated Mineral Resource Estimate for its Los Helados Project” dated 20 October, 2014. The Project is held in the name of Minera Frontera del Oro (MFDO), an indirectly wholly-owned Chilean subsidiary company of NGEx. For the purposes of this Report, the parent and subsidiary companies are referred to interchangeably as “NGEx”. Currency is expressed in U.S. dollars, and metric units are used, unless otherwise stated. The Report uses Canadian English. | |
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