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ScoZinc Announces Improved Results of Its Scotia Mine 2021 Pre-Feasibility Study: Pre-Tax NPV of C$174M and IRR of 69%
Halifax, Nova Scotia--(Newsfile Corp. - November 16, 2021) - ScoZinc Mining Ltd. ( TSXV: SZM )...
About this update from Edm Resources Inc
[{"type":"text","content":"ScoZinc Announces Improved Results of Its Scotia Mine 2021 Pre-Feasibility Study: Pre-Tax NPV of C$174M and IRR of 69%Halifax, Nova Scotia--(Newsfile Corp. - November 16, 2021) - ScoZinc Mining Ltd. (TSXV: SZM) (\"ScoZinc\" or the \"Company\") is pleased to announce the results of its updated Pre-Feasibility Study (the \"2021 PFS\") including its new Gypsum NI 43-101 Mineral Reserve Estimate (\"2020 Mineral Reserve Estimate\") for its wholly-owned and permitted Scotia Mine (\"Scotia Mine\" or the \"Project\"), located in Nova Scotia, Canada. The 2021 PFS was prepared in collaboration with the independent engineering firm MineTech International Limited, adopting the 2020 Pre-Feasibility Study completed by Ausenco Engineering Canada Inc., MineTech International Limited, SRK Consulting (U.S.), Inc., and Terrane Geoscience Inc.Highlights of the 2021 PFS are tabled below, with additional details of the NI 43-101 Technical Report (\"2021 PFS\") to be filed on www.sedar.com under ScoZinc's profile within the next 45 days.Table 1: Pre-Feasibility Study Highlights Pre-Tax Net Present Value (Discount Rate 8%)$174M Pre-Tax Internal Rate of Return69% After-Tax Net Present Value (Discount Rate 8%)$128M After-Tax Internal Rate of Return65% EBITDA (Annual Average)$18M Payback Period (Years)1.3 Free Cash Flow (Cumulative First 3 Years)$55M Pre-Production CAPEX (incl $2.7M Contingency)$30.6M Metal Production Zinc (5 Year Annual Average)35M lbs Metal Production Lead (5 Year Annual Average)15M lbs Zinc Concentrate Grade (LOM Average)57% Lead Concentrate Grade (LOM Average)71% Processing Throughput Rate (Tonnes Per Day)2,700 Life of Mine (\"LOM\") Duration14.3 Years Base Metal Ore Reserves Mined (LOM Total)13.66Mt Zinc Ore Grade (LOM Average)2.03% Zn Lead Ore Grade (LOM Average)1.10% Pb Gypsum Reserves Mined (LOM Total)5.18Mt Gypsum Grade (LOM Average)91.8% Net Revenue After Royalty & Treatment Charges$875M Operating Cash Flow Before Taxes$357M C1 Costs Over LOM 1US$0.50/lb Total Operating Cost (Per tonne Milled LOM)$52.56/t All-In-Sustaining-Cost (ZnEq)1, 2US$0.52/lb Zinc Price (LOM Average)US$1.22/lb Lead Price (LOM Average)US$1.04/lb Gypsum Crude Price (LOM Average)US$8.60/t Foreign Exchange Rate (CAD:USD)0.80 All dollar amounts are expressed in Canadian Dollars unless otherwise noted1 After Lead credits deducted2 All-In-Sustaining-Cost...