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VM Holding S.A.
Summary
| Project: | Aripuana | |
|---|---|---|
| Deposit: | Aripuana | |
| Location: | Brazil | |
| Commodities: | Zinc-Lead-Copper-Silver-Gold | |
| Date: | 9/21/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 21-9-2017: VM Holding S.A. announces a PEA report for its Aripuana deposit at the Aripuana project. JV- study results incl. post-tax NPV (@9%) $324.17M, post-tax IRR (@9%) 217.17M, LOM 24 years. Roscoe Postle Associates Inc. (RPA) was retained by VM Hold | |
| Resources: | (Resource): 21.8Mt @4.8% Zn, 1.5% Pb, 0.4g/t Au (M+I), 24.6Mt @ 3.9% Zn, 1.53%Pb, 0.93g/t Au (Inf.) | |
| CP/QP: | [Resources]: Sean Horan (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | Roscoe Postle Associates Inc. (RPA) was retained by VM Holding S.A. (VMH) to prepare an independent Technical Report on the Aripuanã Zinc Project (the Project), located in the state of Mato Grosso, Brazil. The purpose of this report is to audit a Mineral Resource estimate and to disclose the results of a Preliminary Economic Assessment (PEA) of the Project. This Technical Report conforms to NI 43-101 Standards of Disclosure for Mineral Projects. RPA visited the property on June 2 and 5, 2017 and January 30 to February 2, 2017. The Aripuanã Zinc property is owned by Mineração Dardanelos Ltda. (Dardanelos), a joint venture between Votorantim Metais Zinco SA (VMZ, a subsidiary of VMH, 62.3%), Compañía Minera - Milpo S.A.A. (Milpo, 7.7%), and Mineração Rio Aripuanã (a subsidiary of Karmin Exploration Inc. (Karmin, 30%)), with VMH acting as the operator through VMZ. To date, the focus of exploration activities on the property has been the Ambrex and Arex deposits, which are the only two deposits that contain current Mineral Resources. As a result of drilling between 2014 and 2016, a zone connecting the two deposits, the Link Zone, was delineated. The Link Zone is considered to be a westward extension of Ambrex and is therefore included in the Mineral Resources of that deposit. In March 2017, RPA completed a NI 43-101 Technical Report on the Project dated March 1, 2017 for VMH’s joint venture partner Karmin. Additional drilling and a resource model update have been carried out since the effective date of the Mineral Resource summarized in that report. | |
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