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South Star Mining Files Positive Pre-Feasibility Study Results and Maiden Reserve Estimate for Santa Cruz Graphite Project
(via TheNewswire) Toronto, ON - TheNewswire - March 18, 2020 - S...
About this update from South Star Battery Metals Corp
[{"type":"text","content":"South Star Mining Files Positive Pre-Feasibility Study Results and Maiden Reserve Estimate for Santa Cruz Graphite Project(via TheNewswire)\n \n \n\n\n \n \nToronto, ON - TheNewswire - March 18, 2020 - South Star Mining Corp. ('South Star' or 'the Company') (TSXV:STS) (OTC:STSBF), further to its February 5, 2020 News Release, has filed a National Instrument 43-101 technical report dated March 18, 2020 and entitled \"Updated Resources and Reserves Estimate and Pre-feasibility Study on the Santa Cruz Graphite Project, Bahia, Brazil\" (the \"Report\" or \"PFS\"). There are no material differences between the mineral resources, mineral reserves or results disclosed in the Report and those disclosed in the Company's February 5th, 2020 news release. The Report can be found under the Company's SEDAR profile at www.sedar.com. \n\n \n \nThe PFS presents a two-phased approach to production with an after tax NPV5% of US$81.2M, an IRR of 35% and a 4-year payback. The study used the current average basket price of US$1,287 per tonne which was held constant for the life of the project.\n\n \n \nPhase 1 consists of a pilot plant with the capacity to produce 5,000t of concentrate per year, and the simple layout includes a small open-pit processing plant with filtered tails technology, waste storage facility for co-disposal of waste-rock and filtered tails and civil infrastructure. The goal of the Phase 1 operations is to test and optimize the flowsheet, develop the key commercial relationships and optimize the production of products demanded in the marketplace, given the inherent, high-quality nature of the concentrates produced to date. Detailed engineering of the pilot plant was completed as part of the PFS. \n\n \n \nPhase 2 is a larger plant with similar layout and technology, but with a capacity of 25,000t of concentrate per year. It's important to highlight that both Phases include the use of filtered tails technology and co-disposal of tailings with waste-rock to avoid the requirement of a Tailings Storage Facility. This is essential in facilitating the permitting process and decreasing the environmental footprint of the facility. \n\n \n \nPFS Highlights\n\n \n \n- Combined Maiden Proven & Probable (P+P) Reserve Estimate of 12.3M tonnes with strong conversion of resource to reserves.\n\n\n \n- The Mineral Reserve Estimate is listed ...