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Overland Resources Ltd.
Summary
| Project: | YBMP | |
|---|---|---|
| Deposit: | YBMP | |
| Location: | Canada | |
| Commodities: | Zinc-Lead | |
| Date: | 4/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Optimisation Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-4-2017: Overland Resources Ltd. announces a Optimisation Study report for its YBMP deposit at the YBMP project. Economic review of Yukon Base Metal Project results incl. NPV (8%) circa C$100M. Overland Resources Limited (ASX:OVR; “Overland” and the “Co | |
| Resources: | (Resource, Total): 12.56Mt @ 5.3% Zn, 0.9% Pb at project | |
| CP/QP: | [Resources]: Peter Ball (DataGeo Geological Consultants) | |
| ABSTRACT: | Overland Resources Limited (ASX:OVR; “Overland” and the “Company”) is pleased to announce that an independent North American engineering consultancy has completed a review of the economics of developing the Company’s 90%-owned Yukon Base Metal Project in Canada (“YBMP” and “the Project”). The Measured, Indicated and Inferred Resources at the Project currently comprise 12.6Mt @ 5.3% Zn and 0.9% Pb (see Table 2). This is the first detailed review of the Project’s economics since 2012. Very significantly, the review has highlighted that, as result of commodity price appreciation alone, the discounted NPV8 of the Project is currently circa C$100 million (when utilising the CAPEX and OPEX estimates that were used in the Company’s 2012 mining study, as well as the same mining schedule). Also very importantly, numerous opportunities to substantially further enhance the economics of developing the YBMP have been identified in the review. It is considered likely that additional ore supply could ultimately be secured for the Project through exploration success at the YBMP itself and/or by securing material from other “stranded” base metal deposits in the vicinity of the YBMP. Accordingly, to help ascertain the potential value of exploration (and/or acquisition) success, during the recent review consideration was given to the financial impact of potentially increasing the mineable resources at the Project. | |
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