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Benchmark Announces Positive Preliminary Economic Assessment for the Lawyers Gold-Silver Project with Robust +30% IRR, C$ 921m Pre-Tax NPV5% and 2.1 Year Payback
Vancouver, British Columbia--(Newsfile Corp. - August 16, 2022) - Benchmark Metals Inc. (T...
About this update from Thesis Gold & Silver Inc.
[{"type":"text","content":"Benchmark Announces Positive Preliminary Economic Assessment for the Lawyers Gold-Silver Project with Robust +30% IRR, C$ 921m Pre-Tax NPV5% and 2.1 Year PaybackVancouver, British Columbia--(Newsfile Corp. - August 16, 2022) - Benchmark Metals Inc. (TSXV: BNCH) (OTCQX: BNCHF) (WKN: A2JM2X) (the \"Company\" or \"Benchmark\") is pleased to report the completion of a Preliminary Economic Assessment (\"PEA\") on the Lawyers Gold-Silver Project (the \"Project\") located within a road accessible region of the prolific Golden Horseshoe area of north-central British Columbia, Canada. The PEA presents a robust open pit mining operation with attractive economics at base case gold and silver prices.PEA Highlights:Robust financial metrics in a desirable locationPre-tax NPV5% of C$ 921M, IRR 30.5%, and 2.1-year paybackPre-tax Net Operating Income of C$ 2,140MBase case metal price parameters of US$ 1,735 per ounce of gold and US$ 21.75 per ounce of silverAfter-tax NPV5% of C$ 577M, IRR 23.5%, and 2.7-year payback Capital light developmentInitial capital of C$ 493M (including C$ 72.8M in contingency)Life of Mine capital of C$ 632MStrong 1.9:1 Initial Capex to Pre-tax NPV5% ratioMinimal pre-strip limited to TSF starter dam construction Long mine life with exceptional expansion opportunityTotal resource production of 46.3 M tonnes over 12-year mine lifeAverage annual production of 169k AuEq ounces LOM production 2.02M payable AuEq ouncesAverage AuEq Head Grade of 1.47 g/tAverage gold recovery of 92.4%Low AISC (net of by-products)* of US$ 824/Au oz*All-In Sustaining Costs (Net of By-Products) are calculated for the purpose of the Study as the sum of all operating costs (mining, processing, site administration and refining), reclamation and sustaining capital, minus the revenue from Ag, all divided by the gold ounces sold to arrive at the per ounce Au figure. John Williamson, CEO, commented, \"The PEA clearly demonstrates the low cost and robust return of the Lawyer's Gold-Silver Project even when stress tested with considerable contingency in the base case. We continue on a straightforward pathway to advancement. We continue to test new targets on the large prospective land package to add value to a project that is simple, low risk with a high-grade near surface open-pit resource, combined with proximity to existing infrastructure, making it one ...