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Bunker Hill Mining Files Updated PEA Technical Report and Provides Mine Restart Project Update
TORONTO, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (the “Company”) (CSE: BNKR, OTCQB: BHLL) is pleased to announce the filing of an updated ind
About this update from Bunker Hill Mining Corp
[{"type":"text","content":" TORONTO, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (the “Company”) (CSE: BNKR, OTCQB: BHLL) is pleased to announce the filing of an updated independent Preliminary Economic Assessment (“PEA”) for the restart of the Bunker Hill Mine in the world-class Silver Valley region of Idaho, USA, and to provide a mine restart project update. HIGHLIGHTS: NI 43-101 compliant technical report filed for updated PEA announced on September 20, 2021 Updated PEA contemplates materially improved financial returns from prior PEA: $143M NPV (+42% increase), 35% IRR, 2.6-year payback, $25M annual average FCF (+28% increase) at $1.15/lb Zn, $0.90/lb Pb, $20/oz Ag Restart plan continues to be refined through progression of engineering, design, test-work and trade-off studies in support of the on-going project financing process, to support a construction decision by the end of Q1 2022 Critical workstreams include infrastructure engineering, mine plan optimization, metallurgical test work, geotechnical assessment, and preliminary process plant, paste and tailings engineering Sam Ash, CEO of Bunker Hill Mining, stated: “Building upon the work included within the updated PEA, and concurrent with our project finance process, we continue to advance engineering studies and mine planning sufficient to support a construction decision by the end of the first quarter of 2022. We remain focused on the sustainable restart of the mine and look forward to providing regular updates on these workstreams over the next few months”. TECHNICAL REPORT FILED The report, dated November 3, 2021 and entitled \"Technical Report and Preliminary Economic Assessment For Underground Milling and Concentration of Lead, Silver and Zinc at the Bunker Hill Mine\", was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (\"NI 43-101\"). Bunker Hill’s news release dated September 20, 2021 (entitled “Bunker Hill Announces Updated PEA: 42% Increase in NPV to $143M, 29% Decrease in AISC, 41% Increase in FCF Over Extended 11 Year Mine Life”) summarizes key results, assumptions and estimates contained in the updated PEA. The Company is pleased to report there are no material differences between the key results, assumptions and estimates contained in the updated PEA and this news release. The updated PEA is available ...