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Blackrock Silver Announces Positive Preliminary Economic Assessment for Its Tonopah West Project in Nevada; 8.6 Million Annual Production at AISC $11.96 AgEq Per Ounce; After-Tax IRR 39%
After-tax NPV (5%) $326-million on an initial capex of $178-million with an after-tax IRR of 39% ...
About this update from Blackrock Silver Corp
[{"type":"text","content":"Blackrock Silver Announces Positive Preliminary Economic Assessment for Its Tonopah West Project in Nevada; 8.6 Million Annual Production at AISC $11.96 AgEq Per Ounce; After-Tax IRR 39%After-tax NPV (5%) $326-million on an initial capex of $178-million with an after-tax IRR of 39% producing at $11.96 AISC over 7.8 year mine life at head grade of 570 g/t AgEqVancouver, British Columbia--(Newsfile Corp. - September 4, 2024) - Blackrock Silver Corp. (TSXV: BRC) (OTCQX: BKRRF) (FSE: AHZ0) (\"Blackrock\" or the \"Company\") is pleased to announce the results of a Preliminary Economic Assessment (\"PEA\") for its 100%-owned Tonopah West Project (\"Tonopah West\" or the \"Project\"), in one of the largest historic silver districts in North America, located on private land in Nye and Esmeralda counties, Nevada, United States, approximately 1 kilometre (km) northwest of Tonopah.The PEA was prepared by Minetech, LLC (\"Minetech\") in accordance with Canadian Institute of Mining, Metallurgy and Petroleum (\"CIM\") Definition Standards - For Mineral Resources and Mineral Reserves adopted May 19, 2014 (the \"CIM Definition Standards\") and in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\") with an effective date of September 4, 2024.Highlights of the Tonopah West PEA(All amounts are in United States Dollars unless otherwise indicated)At the base case gold price of $1,900 per ounce and silver price of $23 per ounce, the Project commands an after-tax net present value discounted at 5% (\"NPV5%\") of $326-million on a low initial capex of $178-million (including $22-million contingency) with a payback of 2.3 years and an after-tax internal rate of return (\"IRR\") of 39.2%At a gold price of $2,280 per ounce and a silver price of $27.60 per ounce (base case +20%), the economic profile of the Project escalates to an after-tax NPV5% of $495-million and an after-tax IRR of 54.0%.All-in Sustaining Costs (\"AISC\")1 of $11.96 per silver equivalent ounce basis.Over the approximately 8-year life of mine (\"LOM\"), production from the mining and processing of approximately 4.1 million diluted tonnes of material containing 75.4 million silver equivalent (\"AgEq\") ounces (silver/gold ratio of 90/1) which equates to 66.8 payable AgEq ounces. The mine is expected to deliver 424,000 payable gol...