TSXV:MARL - Post Discussion
Post by
GoldBug2017 on Jan 24, 2017 1:10pm
Bargain prices here
PEA Results with a Positive IRR of 153%
Highlights of the Study (100% Project Basis)
- Conceptual development for Hot Maden assumes an all underground mining operation from a decline and utilizing mechanized transverse and longitudinal long hole open stoping with engineered fill mining methods. Mining and processing rates of 0.8 million tonnes per annum ("Mtpa"), 1.0 Mtpa, and 1.2 Mtpa were considered, with the base case mining scenario being established at 1.0 Mtpa.
- Total metal production of 2.6 Million ounces ("Moz") of gold and 142,000 tonnes ("t") of copper over a total project life of 9 years for the base case mining scenario. Metallurgical testwork, through flotation and concentration, completed to date on the high grade Main Zone mineralisation has indicated high recoveries of both gold and copper. A variable processing recovery, dependant on grade, has been applied in the PEA resulting in a project weighted average recovery of 88% Au and 90% Cu. The current Hot Maden plant flow sheet assumes the production of two concentrates on site - one standard copper-gold concentrate, and a second gold-bearing pyrite concentrate.
- Post-tax discounted NPV for the base case mining scenario (1.0 Mtpa) of US$1.37 billion ("B") excluding pre-development exploration costs (8% discount rate).
- Post-tax IRR for the base case mining scenario of 153% excluding acquisition costs.
- Total Capex (Initial + Sustaining) of US$261M
https://ca.finance.yahoo.com/news/mariana-resources-ltd-hot-maden-114234461.html
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