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Positive Preliminary Economic Assessment Completed for the Slivova Gold Project, Kosovo
(TheNewswire) Vancouver, BC - TheNewswire - September 6, 2023 - Avrupa Minerals L...
About this update from Avrupa Minerals Ltd.
[{"type":"text","content":"Positive Preliminary Economic Assessment Completed for the Slivova Gold Project, Kosovo\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, BC -\n \n \n TheNewswire -\n \n \n September 6, 2023 - Avrupa Minerals Ltd.\n \n \n (AVU:TSXV) (OTC:AVPMF)\n(TSX-V:AVU) (FRANKFURT:8AM)\n \n \n is pleased to\nannounce that its partner at the Slivova Gold Project in the Republic\nof Kosovo, Western Tethyan Resources (“WTR”), has provided a\npositive, independent Preliminary Economic Assessment (“PEA”)\nstudy based on the NI 43-101 Mineral Resources Estimate (“MRE”)\npreviously reported by Avrupa on July 17, 2023 (see news release\n \n \n \n \n Slivova Mineral Resource\nEstimate\n \n \n \n \n ).  Bara Consulting\ncompleted the PEA in accordance with CIM standards, and Avrupa has\npublicly disclosed the document under NI 43-101 reporting\nrequirements.\n \n \n \n \n The Slivova Project is located in the prolific Vardar\nMineral Trend, about 30 km SE of Pristina, the capital of Kosovo.\n WTR can earn-in to 75% of the Project by funding exploration and\ndevelopment for Euro 1,800,000 over three years, and then a further\n10% by making certain milestone and success payments, producing an\nEnvironmental Impact Statement, delivering a Feasibility Study, and\ncompleting a Mining License application.  WTR is 75%-owned by\nAIM-listed Ariana Resources.\n \n \n \n \n Highlights from the PEA include:\n \n \n \n \n \n \n Slivova provides a conceptual pre-tax Net Present Value\n(NPV 8%) of US$27 million, and an internal rate of return (“IRR”)\nof 29% at a gold price of US$1,835/oz.\n \n \n \n \n \n \n Capital expenditure is estimated at $33.4 million and\nsustaining capital requirements of $9.4 million are envisaged in the\nstudy.\n \n \n \n \n \n \n Average production of 13,000 ounces of gold per annum\nprojected over a seven-year mine life from a combined open-pit and\nunderground mining operation is estimated from the study.\n \n \n \n \n \n \n Gold recovery by the Carbon-in-Leach (“CIL”)\nmethod, with recovery of gold at\n \n \n 92-94.5% Au\n(based on current testwork) and a processing rate of 142,000 tpa is\nestimated from the study.\n \n \n \n \n \n \n The full PEA document, which includes...