Denarius Metals announces positive PFS Denarius Metals Corp.announces positive Pre-Feasibility Study (PFS) results supporting a restart of mining operations at its 50% owned Aguablanca nickel-copper project in Spain
FRC Opinion: Positive – The study returned an AT-NPV5% of US$83M (100% interest), and a very high AT-IRR of 213%, using US$7.3/lb nickel, and US$3.5/lb copper. Management plans to fast-track Aguablanca to production within the next 12 months. Due to surplus processing capacity at Aguablanca, DSLV can process materials from its flagship Lomero polymetallic project, expediting and reducing the cost of advancing Lomero to production. We will publish a detailed update shortly.
*FRC provides issuer paid coverage.
*Past performance is not indicative of future results