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New Century Resources Ltd.
Summary
| Project: | Century Mine | |
|---|---|---|
| Deposit: | Century Tailings | |
| Location: | Australia | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 4/30/2018 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 30-4-2018: New Century Resources Ltd. announces a Feasibility Study report for its Century Tailings deposit at the Century Mine project. Restart Feasibility study results announced . Further to today's announcement New Century Resources Limited (ASX:NCZ) | |
| Resources: | (Reserve, Prov.): 77.25Mt @ 2.96% Zn, 12.0g/t Ag for 2.28Mt Zn, 29.7Moz Ag contained | |
| CP/QP: | [Overall Report]: Peter Fairfield (SRK Consulting (Australasia) Pty Ltd.) | |
| ABSTRACT: | Further to today's announcement New Century Resources Limited (ASX:NCZ) attaches an Independent Technical Review prepared by SRK Consulting dated 30 April 2018 (Report) with respect to the Company's Century Zinc Mine (Project). The scope of the Report (to March 2018) was to review the Mineral Resources, Hydraulic Mining, Metallurgy and Processing and Environmental aspects of the Project and provide comments on the technical basis of the input assumptions to the Restart Feasibility Study (RFS) techno-economic model (released to ASX on 28 November 2017). Key aspects of SRK’s review included. While the Report is largely based on the RFS, additional testwork findings and concentrate offtake agreement terms subsequent to the issue of the RFS have been considered in SRK’s findings. Capital and operating costs have not been updated to reflect the contracts since signed. The Report contains a number of recommendations summarised in the Executive Summary and set out in further detail at the conclusion each section of the Report. Investors are encouraged to read the Report in its entirety. The Company is working through the recommendations in the Report. Based on a preliminary review of the Report, the Company does not believe that any of the findings or recommendations materially affect the results of the RFS released in November 2017. | |
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