Business
Moon River Moly Announces Robust Updated Positive Preliminary Economic Assessment of Davidson Molybdenum-Copper-Tungsten Project Demonstrating Improved Economics
HIGHLIGHTS: Pre-tax net present value (" NPV ") of $1.747 billion and Internal Rate of Retur...
About this update from Moon River Moly Ltd.
[{"type":"text","content":"Moon River Moly Announces Robust Updated Positive Preliminary Economic Assessment of Davidson Molybdenum-Copper-Tungsten Project Demonstrating Improved EconomicsHIGHLIGHTS: Pre-tax net present value (\"NPV\") of $1.747 billion and Internal Rate of Return (\"IRR\") of 42% and an after-tax NPV of $1.034 billion and IRR of 32% at an 8% discount rate, assuming long-term prices of US$49.59 per kilogram (\"kg\") or US$22.50 per pound (\"lb\") of molybdenum (\"Mo\"); US$8.93 per kg or US$4.06 per lb. of copper (\"Cu\") and US$300 per metric tonne unit (\"MTU\") or US$13.60 per lb of tungsten (\"W\"); and a CAD:US dollar exchange rate of $0.74;20-year mine life based on 10,000 tonnes of mill throughput per day or 3.65 million tonnes per year; Initial capital cost of $672.3 million including $106.3 million of contingency; Annual average production of 6,020,000 kg or 13,243,000 pounds of Mo; 679,600 kg or 1,498,500 lbs of Cu and 151.7 tonnes or 334,300 lbs of W;Average cash cost of $22.11 per kg or $10.03 per lb of Mo and All-In Sustaining Cost (\"AISC\") of $22.80 per kg or $10.34 per lb of Mo, net of Cu and W production credits;Underground mine, with underground processing facilities, using primarily battery powered mining equipment minimizes the surface footprint, resulting in a very low carbon emitting operation;A measured and indicated (\"M & I\") mineral resource of 80,756,000 tonnes grading 0.304% MoS2 (0.182% Mo) and 0.037% Cu and an inferred ('inferred\") mineral resource of 83,100,000 tonnes grading 0.036% WO3;A 2.3-year payback;Life-of-mine direct income and mining taxes in excess of $1.743 billion; andThe break-even cut-off grade for the mine, excluding credits from copper and tungsten revenue, is 0.11% MoS2. This results in a potentially mineable M&I MoS2 and Cu resource, in excess of 436 million tonnes for a potential mine life of ~120 years. For the purposes of the updated Preliminary Economic Assessment (\"PEA\"), a cut-off grade of 0.22% MoS2 was used and this would give the Project a 20-year mine life.All dollar amounts are stated in Canadian Dollars unless otherwise noted. Toronto, Ontario--(Newsfile Corp. - December 23, 2025) - Moon River Moly Ltd. (TSXV: MOO) (OTCQB: MRIVF) (\"Moon River\" or the \"Company\") is pleased to announce that an updated PEA has been completed on the Davidson Molybdenum-Copper-T...