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Rogue Resources Inc.
Summary
| Project: | Silicon Ridge | |
|---|---|---|
| Deposit: | Silicon Ridge | |
| Location: | Canada | |
| Commodities: | Silica | |
| Date: | 10/26/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-10-2016: Rogue Resources Inc. announces a PEA report for its Silicon Ridge deposit at the Silicon Ridge project. PEA results incl. pre-tax NPV (10%) of $36.5M, IRR of 40.2%. Rogue is a Canadian mining company with a diverse portfolio of properties but | |
| Resources: | (Resource, M + I.): 9.7Mt @ 98.6% SiO2, 0.062% TiO2, 0.561% Al2O3, 0.115% Fe2O3 | |
| CP/QP: | [Resources]: Schadrac Ibrango (Met-Chem Canada Inc.) | |
| ABSTRACT: | Rogue is a Canadian mining company with a diverse portfolio of properties but is currently focused on its 100%-owned Silicon Ridge Project. The Property is located about 42 km north of the City of Baie-Saint-Paul, on the north shore of the Saint Lawrence River, in the Province of Quebec. This NI 43-101 Technical Report (Report) on the Silicon Ridge Project has been prepared at the request of Rogue to present the Preliminary Economic Assessment (PEA) major findings. The PEA is based on the Mineral Resources (effective date June 7th, 2016) as issued by Met-Chem in the July 20th, 2016 Technical Report. The effective date of the Technical Report on the PEA of the Silicon Ridge Project is September 14th 2016 and the report was completed October 26th , 2016. A PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the conclusions reached in the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Met-Chem was requested by Rogue to provide a PEA Study for the exploitation of the Silicon Ridge quartzite deposit. Met-Chem was to provide leadership for the mining, process design, infrastructure, the compilation of capital and operating cost estimates at a confidence level of ± 35%, economic analysis and report preparation integrating metallurgical testing and environment considerations for which information was provided by other consultants. The PEA Report is intended to demonstrate the potential viability of the Project at a mining rate of 200,000 tonnes per year, processing rate of 190,000 tonnes per year and a production rate of about 160,000 tonnes per year of silica concentrate in order to justify proceeding with other phases of project development. | |
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