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Pacifico Minerals Ltd.
Summary
| Project: | Sorby Hills | |
|---|---|---|
| Deposit: | Sorby Hills | |
| Location: | Australia | |
| Commodities: | Lead-Zinc-Silver | |
| Date: | 3/26/2019 | |
| Report Code: | JORC | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-3-2019: Pacifico Minerals Ltd. announces a Pre-Feasibility Study report for its Sorby Hills deposit at the Sorby Hills project. Updated PFS results incl. pre-tax NPV of A $243M, IRR of 62%, 8yr LOM at the project. Updated Pre-Feasibility Study into the | |
| Resources: | (Resource, I+I): 29.98Mt @ 3.7% Pb, 0.6% Zn, 43g/t Ag | |
| CP/QP: | [Overall Report]: David Williams (CSA Global Pty Ltd.) | |
| ABSTRACT: | Updated Pre-Feasibility Study into the production of high quality, high grade leadsilver concentrate has confirmed the economic viability of a scalable, production opportunity in Western Australia. Pacifico Minerals Limited (ASX: PMY) (‘Pacifico’ or the ‘Company’) is pleased to announce the results of an updated Pre-Feasibility Study (‘PFS’) for its 75% owned Sorby Hills Project. The results of the PFS confirm that Sorby Hills is a high quality, high margin base metals project. With mining leases and key permits in place, Sorby Hills is strongly positioned for development. Commenting on the results, Managing Director Simon Noon stated: “Following a substantial upgrade to the Mineral Resource Estimate in early March 2019, the economic outcomes of this study are compelling and represent an important milestone towards the development of Sorby Hills. Our efforts are now firmly focused on completing phase II of the planned infill and expansion drilling program and again upgrading the Mineral Resource Estimate and targeting an optimised PFS with higher throughput in Q4 this year as well as advancing the Definitive Feasibility Study work programs that have already begun.” | |
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