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Meridian Delivers Strong Economics for Cabaçal's PEA:
After-Tax NPV 5 of USD 573 million, 58.4% IRR & 10.6 Month Payback LONDON, UK / ACCESSWI...
About this update from Meridian Mining Plc
[{"type":"text","content":"Meridian Delivers Strong Economics for Cabaçal's PEA:After-Tax NPV5 of USD 573 million, 58.4% IRR & 10.6 Month PaybackLONDON, UK / ACCESSWIRE / March 6, 2023 / Meridian Mining UK S (TSX:MNO)(Frankfurt/Tradegate:2MM)(OTCQB:MRRDF) (\"Meridian\" or the \"Company\") is pleased to announce the positive results of the Preliminary Economic Assessment led by Ausenco Engineering Canada Inc. (\"Ausenco\") for the Cabaçal gold-copper deposit in Brazil (\"Cabaçal\" or the \"Project\"). The PEA study confirms the economic potential of the project, positioning it as a promising growth opportunity for the company.Cabaçal 2023 PEA Highlights: (All amounts are in United States Dollars unless otherwise stated)Base case after-tax NPV5 of $573M (CAD1 $778M) and 58.4% IRR using $1,650/oz gold, $3.59/lb copper, and $21.35/oz silver (Table 1);Spot case after-tax NPV5 of $745M (CAD1 $1.01B) and 69.7% IRR using3 $1,841/oz gold, $4.13/lb copper, and $21.35/oz silver;High-grade year 1 mill feed of 2.3 g/t gold and 0.29% copper which generates high after-tax first year free cash flow of $204M, leading to capital repayment in 10.6 months;Average grade of 0.64 g/t gold and 0.31% copper over the life of mine - which demonstrates the efficiency of the flowsheet in recovering the gold, copper and silver;Average annual gold equivalent production of 131,100 ounces at AISC of $670.70/oz AuEq2 for years 1-5;Total LOM (22.3 years) production of 1.02M ounces gold, 353 Mlbs of copper and 1.76M ounces of silver;Pre-production CAPEX of $179.6M (CAD1 $244.1M);Low life-of-mine strip ratio of 2.1:1;After tax NPV5:CAPEX Ratio of 3.2:1; andSignificant potential for future economic optimization and project upside remains through engineering optimizations, increased throughput and additional resources that could be identified through the ongoing drill programs.Exchange Rate USD/CAD of 1.35889.See technical notes for gold equivalent equation.Spot prices on London close on 1st March, 2023.Meridian will host a Live Webcast to discuss the Cabaçal PEA Results on March 6, 2023 at 10:30am EST (7:30am PST). A presentation by management will be followed by Q&A.Conference Call Webcast and Dial in Details: Webcast URL with Audio: https://www.webcaster4.com/Webcast/Page/2958/47803Telephone Numbers: US/Canada Free: 888-506-0062 ; International: 973-528-0011...