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ScoZinc Mining Ltd.
Summary
| Project: | ScoZinc | |
|---|---|---|
| Deposit: | ScoZinc | |
| Location: | Canada | |
| Commodities: | Zinc-Lead | |
| Date: | 12/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Mine Development | |
| Report details: | 19-12-2017: ScoZinc Mining Ltd. announces a PEA report for its ScoZinc deposit at the ScoZinc project. PEA results incl. post-tax NPV(5%) of $127.9M, IRR of 63.7%, LOM of 7.7yrs. Cooks Brook, Nova Scotia, December 19, 2017 – ScoZinc Mining Ltd. (TSX‐V: SZ | |
| Resources: | (Resource, Total): 6.552Mt @ 3.06% Zn, 1.57% Pb at ScoZinc Pit | |
| CP/QP: | [Overall Report]: Michael Romaniuk, Jason Baker (Stantec Consulting) | |
| ABSTRACT: | Cooks Brook, Nova Scotia, December 19, 2017 – ScoZinc Mining Ltd. (TSX‐V: SZM) (“ScoZinc” or the “Company”) is pleased to announce the results of the independent updated Preliminary Economic Assessment (PEA) on its wholly‐owned ScoZinc Zinc‐Lead Mine in Nova Scotia, Canada. The 2017 PEA, completed by Stantec Consulting, includes a more detailed mine plan, contract mining obtained by bidding to major Nova Scotia contractors, updated capital cost, and updated milling and other operating costs. Compared to the 2013 report (filed on SEDAR on June 12, 2013), the significant change made was replacing Company owner‐operator mining with contract mining. The 2017 NI 43‐101 report shows improved robust economics for the restart of the permitted ScoZinc mine. The updated PEA, completed by Stantec Consulting, included the sequential development of two open pit operations on the Main and Northeast deposits based on a detailed monthly restart plan and production schedule for the first two years then quarterly for the subsequent two years and yearly thereafter. The pits are in close proximity to the existing mill and a small underground operation to extract high grade mineralization between the two pits that will be blended with the open pit feed beginning in Year 5 of the operation. | |
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