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ScoZinc Mining Ltd.
Summary
| Project: | ScoZinc | |
|---|---|---|
| Deposit: | ScoZinc | |
| Location: | Canada | |
| Commodities: | Zinc-Lead | |
| Date: | 10/22/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Mine Development | |
| Report details: | 22-10-2018: ScoZinc Mining Ltd. announces a PEA report for its ScoZinc deposit at the ScoZinc project. Updated PEA results incl. post-tax NPV of CAD $91.4M, IRR of 77.4%, 6.4yr LOM at the project. COOKS BROOK, Nova Scotia, Oct. 22, 2018 -- ScoZinc Mining | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael Petrina, Jason Baker (Stantec Consulting) | |
| ABSTRACT: | COOKS BROOK, Nova Scotia, Oct. 22, 2018 -- ScoZinc Mining Ltd. (TSX-V: SZM) (“ScoZinc” or the “Company”) is pleased to announce that it has completed additional technical and economic optimization studies to update the February 2018 Preliminary Economic Assessment (“PEA”) on its wholly-owned ScoZinc Zinc-Lead Mine in Nova Scotia, Canada. Project returns remain very robust as increased throughput, lower Canadian dollar assumption and lower initial capital largely offset lower metal price assumptions. The updated PEA was completed by a team of independent experts assisted by management. Compared with the February 2018 PEA, the update includes the following “We are encouraged by the results of the updated PEA which supports the near-term restart of an historic zinc-lead mine in Nova Scotia. The incorporation of our recently acquired SAG mill into this economic study, coupled with our refined mine plan based on a 3,000 tpd throughput, greatly improves the economic returns of an already robust operation,” commented Joseph Ringwald, President and CEO. “With restart capital in the order of CAD $26 million (including working capital), the involvement of MRI Trading AG with CAD $15 million offtake debt and equity financing for the restart, ScoZinc is well-positioned to be one of Canada’s next base metal producers.” | |
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