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Osisko Metals Inc.
Summary
| Project: | Pine Point | |
|---|---|---|
| Deposit: | Pine Point | |
| Location: | Canada | |
| Commodities: | Lead-Zinc | |
| Date: | 6/15/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-6-2020: Osisko Metals Inc. announces a PEA report for its Pine Point deposit at the Pine Point project. PEA results incl. post-tax NPV (8%) of C$500M & IRR of 29.6%. (Montreal, Quebec – June 15th, 2020) Osisko Metals Incorporated (the "Company" or "Osi | |
| Resources: | (Resources): 12.9Mt @ 1.73% Pb, 4.56% Zn (Ind.) & 37.6Mt @ 1.91% Pb, 4.89% Zn (Inf.) | |
| CP/QP: | [Resource] Pierre-Luc Richard (BBA Inc.) | |
| ABSTRACT: | (Montreal, Quebec – June 15th, 2020) Osisko Metals Incorporated (the "Company" or "Osisko Metals") (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce results of an independent Preliminary Economic Assessment (the “PEA”) including the results of an updated Mineral Resource Estimate (the “2020 MRE”) that converts approximately 25.5% of the global resource to the Indicated Mineral Resource category for its wholly-owned Pine Point Project (the “Pine Point Project” or the “Project”), located near the town of Hay River in the Northwest Territories, Canada. The PEA was prepared in collaboration with independent engineering firms BBA Inc., WSP Canada Inc., and Tetra Tech. A conference call will be held on Tuesday June 16th at 10:00 EST. Dial-in information can be found below. Robert Wares, Executive Chairman & CEO, commented: “I am very pleased with the PEA study showing an impressive after-tax IRR of 29.6% and after-tax NPV of C$500 M. The proposed mine plan would produce over 450Mlb of zinc in its peak year and an annual average of nearly 330Mlb of zinc and 145Mlb of lead over its estimated 10-year mine life. On a zinc-only basis, Pine Point could potentially, if it entered into production, become a low-cost zinc-lead producer ranking 4th largest in the Americas and 9th in the world, yielding an exceptionally clean and high-grade zinc concentrate.” | |
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