Highlights of PEA:

  • Long mine life and large-scale production:
    • 18-year mine life with 32.7Mt of mineralization mined at 5,000 tonne-per-day average processing rate.
    • 1.54Mt of Zinc, 0.88Mt of Lead, and 37Moz of Silver in concentrate shipped.
    • Average yearly contained-metal production of 85kt Zinc, 48kt Lead and 2Moz Silver.
  • Robust economics using metals prices of $1.21/lb Zn, $0.98/lb Pb, and $16.80/oz Ag:
    • Pre-Tax NPV at 8% of $779M CAD and IRR of 32%.
    • After-Tax NPV at 8% of $448M CAD and IRR of 24%.
  • Manageable CAPEX and rapid payback:
    • Pre-production CAPEX of $404M CAD.
    • Payback period of 3.9 4 years.
    • Starter-pits on Tom West and Jason Main zones reduce up-front capital.
  • Significant Upside
    • Numerous opportunities for significant economic improvement.
    • Known zones remain open for expansion, including into high-grade areas.
    • Highly prospective and large land package untested with modern exploration methods.

“We are pleased to file our PEA technical report on SEDAR to give the full details of the work that was completed by our staff and consultants,” commented Brandon Macdonald, Chief Executive Officer. “Many aspects of this study were completed at a level even higher than that required for a PEA study, and we will continue to strive to present the most comprehensive work that shows the robustness of our project.”

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SOURCE: FIREWEEDZINC