Files 2021 Pre-Feasibility Study Technical Report Halifax, Nova Scotia--(Newsfile Corp. - December 30, 2021) - ScoZinc Mining Ltd. (TSXV: SZM) ("ScoZinc" or the "Company") is pleased to announce that the National Instrument 43-101 ("NI 43-101") Scotia Mine Pre-Feasibility Study Technical Report has been filed on SEDAR (www.sedar.com) with an effective date of November 16, 2021.
The President and CEO, Mr. Mark Haywood, commented: "The Scotia Mine's updated NI 43-101 Pre-Feasibility Study Technical Report filed today on SEDAR demonstrates notably improved economics compared to the 2020 PFS, with a reduced average C1 cash cost of US$0.50/lb and an after-tax Internal Rate of Return of 67%. With the Gypsum added as the mine's third revenue stream, the operation now has a compelling payback period of only 1.3-years and an expected free cash flow of $55 million in the first three years."
Highlights of the Pre-Feasibility Study ("2021 PFS") are tabled below, with additional details of the NI 43-101 Technical Report filed on www.sedar.com under ScoZinc's profile and on the Company's website at www.ScoZinc.com.