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AbraSilver Resource Corp. Announces Filing of PEA Technical Report for Diablillos Project
Toronto - TheNewswire – January 13, 2022 - AbraSilver Resource Corp. (TSX.V:ABRA) (OTC:ABBRF) ("AbraSilver" or the “Company”) is pleased to announce the filing
About this update from Abrasilver Resource Corp.
[{"type":"text","content":"Toronto - TheNewswire – January 13, 2022 - AbraSilver Resource Corp. (TSX.V:ABRA) (OTC:ABBRF) (\"AbraSilver\" or the “Company”) is pleased to announce the filing of a National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) compliant Technical Report describing the Preliminary Economic Assessment (the “PEA”) completed on its wholly-owned Diablillos project in Salta province, Argentina. The results of the PEA were previously reported in the Company’s news release dated November 29, 2021, and there are no differences in the Technical Report from those results. Highlights of the PEA include: Robust Economics: Pre-Tax NPV5% of $678.5 Million (CAD$ 882.1 Million) with an IRR of 44.3%; After-Tax NPV5% of $364.0 Million (CAD$ 473.2 Million) with an IRR of 30.2%; 7,000 tonnes per day (\"tpd\") production rate with an initial mine life of up to 16 years. Average annual production: In first 5 years of 8.0 Moz Ag and 44.3 koz Au, (11.4 Moz AgEq); Over the Life-of-Mine of 4.2 Moz Ag and 52.0 koz Au, (8.5 Moz AgEq). Low cash operating costs: All-in Sustaining Cash Costs (\"AISC\") during first 5 years of $10.41/oz AgEq; AISC during the Life-of-Mine of $11.97/oz AgEq. Initial Capital Expenditure of $255.0 million, with payback period of 2.6 years. Several potential opportunities have been identified that may further enhance the economic returns. One such opportunity is to increase the production rate above the 7,000 tpd used as the base case in the PEA. It is believed that the Diablillos project could sustain a higher production rate, especially if Mineral Resources continue to grow as a result of additional drilling. A higher production rate may lead to improved operating efficiencies and future trade-off studies will evaluate the optimal throughput. The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There is no certainty that the project as outlined in the PEA will be realized. The full Technical Report was filed on January 13, 2022,...