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Nevada Zinc Corp.
Summary
| Project: | Lone Mountain | |
|---|---|---|
| Deposit: | Lone Mountain | |
| Location: | United States | |
| Commodities: | Zinc-Lead | |
| Date: | 6/27/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-6-2019: Nevada Zinc Corp. announces a PEA report for its Lone Mountain deposit at the Lone Mountain project. PEA results incl. post-tax NPV (8%) of US $43.2M, 35% IRR. Toronto, Ontario--(Newsfile Corp. - June 27, 2019) - Nevada Zinc Corporation (TSXV: | |
| Resources: | (Resource, Inf.): 3.257Mt @ 0.70% Pb, 7.57% Zn for 543Mlbs Zn contained at Lone Mountain | |
| CP/QP: | [Overall Report]: Bruce Durham (Internal) | |
| ABSTRACT: | Toronto, Ontario--(Newsfile Corp. - June 27, 2019) - Nevada Zinc Corporation (TSXV: NZN) ("Nevada Zinc" or the "Company") is pleased to announce the favourable results of an independent Preliminary Economic Assessment ("PEA") of the viability of potentially mining the zinc mineralization at the Company's 100% owned Lone Mountain Project ("Project") in central Nevada. The PEA highlights strong potential economics for a low cost, relatively simple, open pit zinc mine and floatation plant operating, producing, and selling zinc concentrate for 12 years based on the current Mineral Resources. The operating rate of the mine is planned to be a nominal 800 tonnes per day ("tpd"). Using a long term average zinc price of US $1.13 per pound and an 8% discount rate the Project generates a pre-tax Net Present Value ("NPV") of US $56.4 M ($75.2 M CDN) and a pre-tax 40% Internal Rate of Return ("IRR"). The after tax NPV (8%) is $43.2 M ($57.6 M CDN) and the after tax IRR is 35%. All currency is stated in USD unless indicated otherwise. | |
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