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Imperial Mining Receives Positive Results for the Preliminary Economic Assessment (PEA) for Crater Lake
Project Highlights (all amounts are in CA$, unless otherwise stated): Gross metal revenue of the minerals produced from the operation total $15.2 billion over t
About this update from Scandium Canada Ltd Class A
[{"type":"text","content":" Project Highlights (all amounts are in CA$, unless otherwise stated): Gross metal revenue of the minerals produced from the operation total $15.2 billion over the life of the operation. Gross earnings after-tax is $6.25 billion. The Project has a pre-tax net present value (NPV) of $2.97 billion and an after-tax NPV of $1.72 billion (10% discount rate). Pre-tax internal rate of return (IRR) is 42.9% and an after-tax IRR of 32.8%. Annual Net revenues average $608.0 million from the sale of high-purity scandium oxide (Sc2O3), scandium-aluminum Master alloy (ScAl) and rare earth element (REE) hydroxide concentrate. The pre-tax capital payback is 2.5 years from the start of production. Total mined metal production over a minimum 25-year mining life based on the present resource base is expected to be 110 t Sc2O3, 57,298 t of ScAl Master alloy and 23,578 t of REE hydroxide concentrate. The prices and market segments were based on estimates from comprehensive market studies by Ernst Young for scandium and by Roskill Information Services for rare earths. MONTREAL, June 13, 2022 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. (\"Imperial\") (TSX VENTURE: IPG; OTCQB: IMPNF) is pleased to announce that it has received results of a positive Preliminary Economic Assessment (PEA) for the Crater Lake TG Zone Scandium-Rare Earth Element (Sc-REE) deposit from Imperial’s independent consultants, WSP Canada (“WSP”). The results show positive cash-flow, strong Internal Rate of Return (IRR) and Net Present Value (NPV) metrics at discount rates of up to 15% for a potential mining operation at the Crater Lake, Quebec (Table 1). The Crater Lake property is in northeastern Québec, approximately 200 km east northeast of Schefferville, Québec (Figure 1). Table 1 – Pre- and After-Tax Net Present Value (NPV) – Crater Lake, TG-Zone Deposit Discount Rate Pre-Tax Net Present Value (NPV) Million CA$ After-Tax Net Present Value (NPV) Million CA$ @ 5% @ 7% @ 10% @ 11% @ 12% @ 15% $5,265$4,145$2,971$2,675$2,413$1,794 $3,150$2,455$1,721$1,535$1,370$977 Internal Rate of Return (IRR) 42.9...