For thousands of other reports visit RSC's Mineral Intellingence Map
South Star Mining Corp.
Summary
| Project: | Santa Cruz | |
|---|---|---|
| Deposit: | Santa Cruz | |
| Location: | Brazil | |
| Commodities: | Graphite | |
| Date: | 2/5/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 5-2-2020: South Star Mining Corp. announces a Pre-Feasibility Study report for its Santa Cruz deposit at the Santa Cruz project. Pre-feasibility study results of post-tax NPV(5%) US$81.2M, IRR of 35%, and initial reserve estimate. Toronto, ON, February 5, | |
| Resources: | (Reserves, P+P): 12.3Mt @ 2.40% Cg (295kt In-situ Graphite) | |
| CP/QP: | [Resources]: Luiz Eduardo Pignatari (Independent) | |
| ABSTRACT: | Toronto, ON, February 5, 2020 – South Star Mining Corp. (‘South Star’ or ‘the Company’) (TSX-V: STS) (OTC: STSBF) is pleased to announce the positive pre-feasibility study (“PFS”) results for its 100%-owned Santa Cruz Graphite Project (“Project”) located in Southern Bahia, Brazil. The PFS presents a two-phased approach to production with an after tax NPV5% of US$81.2M, an IRR of 35% and a 4-year payback. The study used the current average basket price of US$1,287 per tonne which was held constant for the life of the project. Phase 1 consists of a pilot plant with the capacity to produce 5,000t of concentrate per year, and the simple layout includes a small open-pit processing plant with filtered tails technology, waste storage facility for codisposal of wasterock and filtered tails and civil infrastructure. The goal of the Phase 1 operations is to test and optimize the flowsheet, develop the key commercial relationships and optimize the production of products demanded in the marketplace, given the inherent, high-quality nature of the concentrates produced to date. Detailed engineering of the pilot plant was completed as part of the PFS. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report