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Nexa Resources S.A.
Summary
| Project: | Hilarion | |
|---|---|---|
| Deposit: | Hilarion | |
| Location: | Peru | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 3/5/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-3-2020: Nexa Resources S.A. announces a PEA report for its Hilarion deposit at the Hilarion project. PEA results incl. post-tax NPV (8%) of US$231M, and IRR of 15.5%. Luxembourg, March 05, 2020 - Nexa Resources S.A. (“Nexa Resources” or “Nexa” or the “C | |
| Resources: | (Resources, M+I): 58.96Mt @ 3.53% Zn, 0.64% Pb, 28.7g/t Ag | |
| CP/QP: | [Resources]: Jason Cox, Normald Lecuyer, Rosmery Cardenas Barzola, Brenna Scholey, Luis Vasquez (Roscoe Postle Associates Inc.;SLR Consulting (Canada) Ltd.) | |
| ABSTRACT: | Luxembourg, March 05, 2020 - Nexa Resources S.A. (“Nexa Resources” or “Nexa” or the “Company”) (NYSE and TSX Symbol: “NEXA”) is pleased to announce the results of a Preliminary Economic Assessment (“PEA”) for its Hilarión Project (“Hilarión” or “Hilarión Project” or “Project”), a potential underground mine located in Peru. A technical report summarizing the PEA entitled “Technical Report on the Hilarión Project, Department of Ancash, Peru” dated February 14, 2020, with an effective date of December 31, 2019 (the “Technical Report”) was filed on SEDAR today. The Hilarión Project, which is part of Nexa’s strategy of reaching full integration of mining and smelting operations, is 100% owned by Nexa Perú, an 80% owned subsidiary of Nexa Resources. Hilarión has one of the largest Mineral Resources estimate among the undeveloped zinc projects in Latin America, according to SNL Metals & Mining 2019 data, with Measured and Indicated Resources estimated to contain 2.1 million tonnes of contained zinc and inferred resources estimated to contain 0.9 million tonnes of contained zinc. | |
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