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VanadiumCorp Resource Inc.
Summary
| Project: | Lac Dore | |
|---|---|---|
| Deposit: | Lac Dore | |
| Location: | Canada | |
| Commodities: | Vanadium | |
| Date: | 11/15/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 15-11-2017: VanadiumCorp Resource Inc. announces a PEA report for its Lac Dore deposit at the Lac Dore project. PEA results incl. post-tax NPV (5%) of CDN$369M, IRR of 9.9%, LOM of 20yrs. VANCOUVER, Nov. 15, 2017 /CNW/ - VanadiumCorp Resource Inc. (TSX-V: | |
| Resources: | (Resource, Inf.): 99.104Mt @ 1.08% V2O5 | |
| CP/QP: | [Resources]: Christian D'Amours (Geopointcom) | |
| ABSTRACT: | VANCOUVER, Nov. 15, 2017 /CNW/ - VanadiumCorp Resource Inc. (TSX-V: "VRB") (the "Company") is pleased to announce the positive findings of an independent Preliminary Economic Assessment ('PEA') for its 100%-owned Lac Dore Vanadium Project situated 30 kilometers southeast of Chibougamau, Quebec. The project is to produce vanadiferous titanomagnetite (VTM, magnetite) concentrate from the Lac Doré deposit, which will either be processed using the Company's VanadiumCorp-Electrochem technology or marketed to third parties. Adriaan Bakker, VanadiumCorp's President and Chief Executive Officer commented, "We are very pleased with the results of this Preliminary Economic Assessment, which clearly establishes Lac Dore as one of the premier undeveloped vanadium resources, located in a favorable jurisdiction for mining development. The PEA illustrates robust economics and marks a significant milestone for VanadiumCorp to continue to advance Lac Dore towards production. The base case shows that Lac Dore could generate more than CDN $1.4 Billion in pre-tax net cash flows and deliver life-of-mine, after-tax net present value of CDN$ 814 million. Thanks to the experience of IOS with Lac Dore and vanadium expertise, we have based our economic base case on a conservative magnetite concentrate production model that demonstrates a positive cash flow scenario for Lac Dore and provides ideal feedstock for VanadiumCorpElectrochem Process Technology. VanadiumCorp-Electrochem Process Technology, tested on vanadiferous titanomagnetite from Lac Doré, is achieving excellent recoveries and scaling toward 1 tonne/month nameplate capacity. With the support of all our stakeholders, including our shareholders, employees, local entrepreneurs, Chibougamau regional communities and the Canadian government, we are looking forward to advancing this outstanding vanadium project to the next stage of development." | |
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