Business
Moon River Moly Ltd. Announces Preliminary Economic Assessment of Potential Restart of 25% Owned Endako Molybdenum Mine
HIGHLIGHTS: Pre-tax net present value ( "NPV" ) of $1.1 billion, internal rate of return ( "...
About this update from Moon River Moly Ltd.
[{"type":"text","content":"Moon River Moly Ltd. Announces Preliminary Economic Assessment of Potential Restart of 25% Owned Endako Molybdenum MineHIGHLIGHTS: Pre-tax net present value (\"NPV\") of $1.1 billion, internal rate of return (\"IRR\") of 46%, an after-tax NPV of $790 million and an IRR of 40% at an 8% discount rate and assuming a long-term molybdenum (\"Mo\") price of US$49.73 per kg (US$22.50 per pound (\"lb\"));10-year mine life based on 75,000 tonnes of mill throughput per day or 27.3 million tonnes per-year; Initial capital cost of $550.9 million including $83.7 million of contingency; Annual average production of 9.3 million kg or 20.5 million pounds of Mo;Average cash cost of US$25.60 per kg or US$11.61 per lb and All-In Sustaining Cost (\"AISC\") of US$29.85 per kg or US$13.54 per lb of Mo;Open pit mine with flotation processing facilities on site;A measured and indicated mineral resource of 335.7 million tonnes grading 0.072% MoS2 (0.0 43 % Mo) (see Table 1.1;A 2.2-year payback;Life-of-mine direct income and mining taxes in excess of $609 million;Potential Project enhancements from the use of ore bucket sorting technology and ore particle sorting (\"OPS\") technology. All dollar amounts are stated in Canadian Dollars unless otherwise noted. Toronto, Ontario--(Newsfile Corp. - November 21, 2025) - Moon River Moly Ltd. (TSXV: MOO) (\"Moon River\" or the \"Company\") is pleased to announce the results of a Preliminary Economic Assessment (\"PEA\") for the Endako mine complex in British Columbia (the \"Endako Mine\"), currently on care and maintenance, comprised of an open-pit molybdenum mine, concentrator, and roaster, located approximately 190 kilometres west of Prince George, British Columbia. The PEA examines the potential restart of operations at the Endako Mine (the \"Project\"). Paul Parisotto, President and Chief Executive Officer, says of the PEA results: \"We are very pleased with the positive results of the PEA as it presents a very convincing case for the rapid advancement of the necessary work to restart mining operations at the Endako Mine.\"Ian McDonald, Chairman, commented: \"My involvement with this Project first began twenty years ago, and I firmly believe that the time for the restart of production at the Endako Mine has arrived. The compelling, robust economics, together with a Tier One jurisdiction in a mi...