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Meridian Mining's Cabaçal Pre-Feasibility Study Delivers USD 984 million NPV5 & 61.2% IRR (After-Tax), and Annual Average Production 141,000 AuEq Ounces
Cabaçal 2025 Pre-Feasibility Study Highlights: (All amounts are in United States Dollars un...
About this update from Meridian Mining Plc
[{"type":"text","content":"Meridian Mining’s Cabaçal Pre-Feasibility Study Delivers USD 984 million NPV5 & 61.2% IRR (After-Tax), and Annual Average Production 141,000 AuEq OuncesCabaçal 2025 Pre-Feasibility Study Highlights:(All amounts are in United States Dollars unless otherwise stated)Meridian delivers exceptional economics from the Cabaçal Pre-Feasibility Study;Base case after-tax NPV5 of USD 984 million (CAD1 1.43 billion) and 61.2% IRR;(Assuming USD 2,119/oz Au, USD 4.16/lb Cu, and USD 26.89/oz Ag, CAD:USD=1.4533);Spot case after-tax NPV5 of USD 1.41 billion (CAD 2.04 billion) and 79.5% IRR;(Assuming2 USD 2,917/oz Au, USD 4.54/lb Cu, and USD 32.25/oz Ag (27 February, 2025));Cabaçal Establishes a Mid-Tier Production Profile:Average annual production of 141,000 AuEq ounces over 10 years;First 5 years production of 178,000 AuEq ounces annually;Low LOM All-In-Sustaining-Costs (\"AISC\") of USD 742/oz AuEq3;Low initial CAPEX of USD 248 million (CAD 359 million) including pre-investment for expansion to 4.5 Mtpa from year 4;Strong value proposition: Base case NPV5/Capex is 3.97 times, & initial capital repaid in 17 months; andMaiden Cabaçal reserve of 41.7Mt at 0.63g/t Au, 0.44% Cu and 1.64g/t Ag declared, including 89% in the proven category.1 Exchange Rate USD/CAD of 1.45330, 2 Spot prices on London close on 28, February, 2025, See Technical Note for AuEq equation. LONDON, GB / ACCESS Newswire / March 10, 2025 / Meridian Mining UK S (TSX:MNO)(Frankfurt/Tradegate:2MM)(OTCQX:MRRDF) (\"Meridian\" or the \"Company\") is pleased to announce the positive results of the Preliminary Feasibility Study (\"PFS\") led by Ausenco do Brasil Engenharia Ltda and Ausenco Engineering Canada ULC (together \"Ausenco\"), supported by GE 21 Mineral Consultants Ltd (\"GE 21\") for the advanced Cabaçal gold-copper-silver deposit in Brazil (\"Cabaçal\" or the \"Project\"). The PFS's findings (Figure 1, Tables 1 - 9) confirm the exceptional economic potential of Cabaçal, positioning it as Brazil's next mid-tier production asset with a parallel resource development program and exploration upside.Meridian will host a Live Webcast to discuss the Cabaçal PFS Results on March 10, 2025 at 10:00 am EST (7:00 am PST). A presentation by management will be followed by Q&A. Conference Call Webcast and Dial in Details:Webcast URL...