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South Star Mining Corp.
Summary
| Project: | Santa Cruz | |
|---|---|---|
| Deposit: | Santa Cruz | |
| Location: | Brazil | |
| Commodities: | Graphite | |
| Date: | 3/23/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-3-2018: South Star Mining Corp. announces a PEA report for its Santa Cruz deposit at the Santa Cruz project. Amended technical report for PEA at Santa Cruz. This NI 43-101 Preliminary Economic Assessment Technical Report - PEA (“PEA”) has been prepared | |
| Resources: | (Resource, I+I): 18.5Mt @ 2.74% C for 508Kt contained at project | |
| CP/QP: | [Resources]: Aldo Moreno Salinas (Independent) | |
| ABSTRACT: | This NI 43-101 Preliminary Economic Assessment Technical Report - PEA (“PEA”) has been prepared at the request of Brasil Grafite S.A. (“BGSA”). BGSA holds 100% interest in the Santa Cruz Graphite Project (the “Project”) comprised of 13 mineral rights near the town of Itabela, Bahia, Brazil, totaling approximately 13,000 hectares, containing jumbo and large flake graphite at surface. The PEA covers technical and financial aspects of the Project, demonstrating the information supports further more advanced mining studies. An indicated resource of 15 million tonnes at a grade of 2.70% Cg and an inferred resource of 3.5 million tonnes ata grade of 2.90% graphite has been defined in accordance with NI 43-101. Mine planning outlines a total of 12.0 million tonnes of potentially mineable resources with a diluted grade of 2.63% Cg, providing support for a 19 year open pit mine with average yearly production of 15,800 tpa. Initial capital expenditure is estimated at US$20.5 million with an average Life of Mine (LOM) operating cost of US$413 per ton produced. | |
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