EDM Resources Inc V.EDM

Alternate Symbol(s): SWNLF

Metals & Mining Industrial Metals & Minerals

EDM Resources Inc. is a Canadian exploration and mining company that has full ownership of the Scotia Mine and related facilities near Halifax, Nova Scotia. Through its wholly owned subsidiary, it also holds several prospective exploration licenses near its Scotia Mine and in the surrounding regions of Nova Scotia. The properties are comprised of exploration licenses and a mineral property lease that provides for zinc and lead exploration and development. The Scotia Mine is located approximately 62 kilometers (km) northeast of Halifax, Nova Scotia, in the Halifax Regional Municipality. The Project consists of about 648 hectares (ha) of mineral rights in the form of three contiguous mineral leases. It also holds five exploration licenses covering 41 claims in the immediate vicinity of the Scotia Mine Deposit. Its Eastville Prospect is an undeveloped zinc-lead exploration prospect. Its Carrolls Farm and Carrolls Corner Prospects are hosted within the Gays River Formation.

TSXV:EDM - Post by User

EDM Resources Inc

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Post by Bwrbhkon Apr 09, 2021 11:18am

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Post# 32966526

Benchmark TC's

Teck and Korea Zinc have settled benchmark TC's at $159/tonne of zinc concentrate, down from $300/tonne. Very bullish for SZM and FNC as the feasibility study was based on TC's of $250/tonne. The lower TC's will result in annual cost savings of about US$ 3 million per year or approximately $0.09/lb of payable zinc. Spot TC's are currently in a range of $60 to 80/tonne.

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