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Peregrine Diamonds Ltd.

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Summary

Project:

Chidliak

Deposit:CH-6, CH-7
Location:Canada
Commodities:Diamonds
Date:7/7/2016
Report Code:NI43-101
Report Type:PEA
Project Stage:Pursuing Pre-Feasibility Study
Report details:7-7-2016: Peregrine Diamonds Ltd. announces a PEA report for its CH-6, CH-7 deposit at the Chidliak project. PEA results for Chidliak Phase One incl. pre-tax NPV (7.5%) of C$743.7M, IRR of 38.1%. Peregrine Diamonds Ltd. (Peregrine or Peregrine Diamonds) c
Resources:(Resource, Inf.): 9.64Mt @ 1.62ct/t for 15.62Mct contained at CH-6 and CH-7
CP/QP:[Overall Report]: G Doerksen (JDS Energy & Mining Inc.)
ABSTRACT:Peregrine Diamonds Ltd. (Peregrine or Peregrine Diamonds) commissioned JDS Energy and Mining Ltd. (JDS) to complete a Preliminary Economic Assessment (PEA) for the Chidliak Phase 1 Diamond Project (Chidliak project or Chidliak), located 120 km northeast of Iqaluit, the capital of Nunavut, on Canada’s Baffin Island. The purpose of this study is to obtain and document a preliminary project design and economics. The structure and content of this report uses National Instrument 43-101, Standards of Disclosure for Mineral Projects (NI 43-101) guidelines. The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them to be categorized as Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There is no certainty that the PEA will be realized. 100% of mine plan tonnes in this PEA are Inferred Mineral Resources.

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