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ScoZinc Announces Robust Results of Its Scotia Mine Pre-Feasibility Study: Pre-Tax NPV of C$156M and IRR of 52%
Halifax, Nova Scotia--(Newsfile Corp. - July 7, 2020) - ScoZinc Mining Ltd. ( TSXV: SZM ) (" S...
About this update from Edm Resources Inc
[{"type":"text","content":"ScoZinc Announces Robust Results of Its Scotia Mine Pre-Feasibility Study: Pre-Tax NPV of C$156M and IRR of 52%Halifax, Nova Scotia--(Newsfile Corp. - July 7, 2020) - ScoZinc Mining Ltd. (TSXV: SZM) (\"ScoZinc\" or the \"Company\") is pleased to announce the results of its Pre-Feasibility Study (the \"PFS\"), including its first NI 43-101 Mineral Reserve Estimate (\"2020 Mineral Reserve\") for its wholly-owned and fully-permitted Scotia Mine (\"Scotia Mine\" or the \"Project\"), located in Nova Scotia, Canada. The PFS was prepared in collaboration with the independent engineering firms of Ausenco Engineering Canada Inc., MineTech International Limited, SRK Consulting (U.S.), Inc., and Terrane Geoscience Inc.Highlights of the PFS are tabled below, with additional details of the NI 43-101 Technical Report (\"2020 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%)$156M Pre-Tax Internal Rate of Return52% After-Tax Net Present Value (Discount Rate 8%)$115M After-Tax Internal Rate of Return49% EBITDA (Annual Average)$17.1M Payback Period (Years)2.4 Pre-Production CAPEX (incl $2.7M contingency & $1.2M finance)$30.8M 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\") (Years)14.25 Years Ore Reserves Mined (LOM Total)13.66Mt Zinc Ore Grade (LOM Average)2.03% Zn Lead Ore Grade (LOM Average)1.10% Pb Net Revenue After Royalty & Treatment Charges$822M Operating Cash Flow Before Taxes$335M Financing Costs$4.6M C1 Costs Over LOM 1US$0.59/lb Total Operating Cost (Per tonne Milled LOM)$53.72/t All-In-Sustaining-Cost (ZnEq)1, 2US$0.60/lb Zinc Price (LOM Average)US$1.19/lb Lead Price (LOM Average)US$0.89/lb Foreign Exchange Rate (CAD:USD)0.71 All dollar amounts are expressed in Canadian Dollars unless otherwise noted1 After Lead credits deducted2 All-In-Sustaining-Costs (\"AISC\") are C1 Costs plus Sustaining Capital and Financing CostsThe President and CEO, Mr. Mark Haywood, commented: \"We are very excited to deliver the results of our Scotia Mine's PFS by our independent panel of mining industry experts. The Pro...