From PEA
ECONOMIC CRITERIA
PHYSICALS
• Life of Mine production plan as summarized in Table 16-8.
• Mine life: 6 years.
• Production ramp-up from 175 tpd to over 300 tpd, as a result of the Mine Dewatering
Project.
• Mill recovery average of 90% for silver, 82% for lead, and 77% for zinc over the LOM.
• Silver production averages 2 million ounces per year after the Mine Dewatering Project
takes effect (2017 to 2019).
REVENUE
• Silver and lead are 95% net payable in the lead concentrate; silver and zinc are 55%
and 85% net payable, respectively, in the zinc concentrate.
• Metal prices: US$17.00 per ounce silver, US$0.90 per pound lead, and US$1.00 per
pound zinc.
• NSR includes concentrate treatment, silver refining, and transport costs.
• Revenue is recognized at the time of production.
COSTS
• Mine Dewatering Project ($9.9 million in capital) to be carried out during 2015.
• Mine life capital totals $19.8 million.
www.rpacan.com
Excellon Resources Inc. – Platosa Property, Project #2482
Technical Report NI 43-101 – July 9, 2015 Page 22-2
• Operating unit costs decline from $390 per tonne (2015) to an average of $230 per
tonne (2017 to 2019), as the production rate increases.
• LOM Adjusted Operating Costs average $7.58 per ounce Ag, and All-In Sustaining
Costs (AISC) average $12.37 per ounce Ag. These costs are calculated using the
methodology proposed by the World Gold Council. AISC includes exploration and
corporate overhead costs, which are not otherwise part of the PEA cash flow.