Business
Moon River Capital Ltd. Announces Engagement of A-Z Mining Professionals Ltd. and Commencement of Work on a Preliminary Economic Assessment on the Davidson Molybdenum Deposit
Toronto, Ontario--(Newsfile Corp. - December 6, 2023) -  Moon River Capital Ltd.  (TSXV...
About this update from Moon River Moly Ltd.
[{"type":"text","content":"Moon River Capital Ltd. Announces Engagement of A-Z Mining Professionals Ltd. and Commencement of Work on a Preliminary Economic Assessment on the Davidson Molybdenum DepositToronto, Ontario--(Newsfile Corp. - December 6, 2023) -  Moon River Capital Ltd. (TSXV: MOO) (\"Moon River\" or the \"Company\") is pleased to announce that it has engaged A-Z Mining Professionals Ltd. (\"AMPL\") to complete a Preliminary Economic Assessment (\"PEA\") to determine the economic potential for the Davidson Molybdenum Deposit near Smithers, in west-central British Columbia, Canada. The PEA will utilize the latest Mineral Resource Estimate completed by AMPL and contained in the Technical Report titled National Instrument NI 43-101 Technical Report for the Davidson Project Resources Update (the \"Mineral Resource Estimate\") dated September 13, 2023 and will assess the potential economic viability of the mineral resources at the Davidson Project when mined by underground methods. The purpose of the study is to provide an overall technical and financial opinion on the project to aid Moon River in making the appropriate decisions regarding the advancement of the Davidson Project. Paul Parisotto, President, and CEO stated, \"We have elected to undertake a Preliminary Economic Assessment to further de-risk the Davidson Project. Establishing economic parameters around the recently updated Mineral Resource Estimate is a critical step in confirming the commercial viability of the Davidson Project. Given the location and high grade of the Davidson Project, we believe the PEA will demonstrate the very high quality of the Davidson Project.\" The PEA will include a review of the historic work completed to date. The recent Mineral Resource Estimate will be used for determination of mining areas and potentially mineable resources. The PEA is expected to be completed in Q1 of 2024. In addition, the following technical aspects of the project will be considered:Conceptual mine design including stoping areas, plan and development and production schedule;Metallurgical test-work to date;Mineral processing including flowsheet and preliminary plant sizing;Infrastructure, particularly electricity and water sources;Project development/construction schedule;Environmental, Social and First Nations;Capital and Operating cost estimates;Financial cashflow modelling...