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Stem 7 Capital Inc.
Summary
| Project: | Santa Cruz | |
|---|---|---|
| Deposit: | Santa Cruz | |
| Location: | Brazil | |
| Commodities: | Graphite | |
| Date: | 12/12/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-12-2017: Stem 7 Capital Inc. announces a PEA report for its Santa Cruz deposit at the Santa Cruz project. PEA results incl. NPV (5%) US$117M, post-tax IRR 78%. This NI 43-101 Preliminary Economic Assessment Technical Report - PEA (“PEA”) has been prepa | |
| Resources: | (Resource, I+I): 18.5Mt @ 2.74% C for 508Kt contained at project | |
| CP/QP: | [Resources]: Aldo Moreno (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. A NI 43-101 compliant resource of 18.5 million tonnes with an average grade of 2.74% graphite has been defined. 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. Years 1 through 5 benefit from a higher average grade of 3.15% Cg and lower strip ratio (SR) of 0.45, resulting in average production of 18,900 tpa at US$316 operating costs yielding US$15,800,000 per annum in free cash flow. The Project has several important competitive advantages that contribute to attractive financial returns and risk | |
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