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Benchmark Files Positive Preliminary Economic Assessment for Its Gold-Silver Project, British Columbia, Canada
Vancouver, British Columbia--(Newsfile Corp. - October 18, 2022) - Benchmark Metals Inc. &#x...
About this update from Thesis Gold & Silver Inc.
[{"type":"text","content":"Benchmark Files Positive Preliminary Economic Assessment for Its Gold-Silver Project, British Columbia, CanadaVancouver, British Columbia--(Newsfile Corp. - October 18, 2022) - Benchmark Metals Inc. (TSXV: BNCH) (OTCQX: BNCHF) (WKN: A2JM2X) (the \"Company\" or \"Benchmark\") - is pleased to report filing of its inaugural, baseline Preliminary Economic Assessment (\"PEA\") to SEDAR. The final NI 43-101 Technical Report has provided some enhanced metrics over the initial results published on August 16, 2022. The 100% owned Lawyers Gold-Silver Project (the \"Project\") is 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 base case, attractive economics that has potential for additional gold-silver ounces and improved economics through facility design adjustments.John Williamson, CEO, commented, \"The Company is now exploring opportunities to enhance and improve the PEA. The PEA was based on open pitable resources only, we see opportunities to add higher-grade ounces below the pits through underground mining methods that could be accessed in parallel to surface mining operations. A significant number of underground ounces are clearly demonstrated by existing drill results defined to the Indicated and Inferred category. The Project has potential for more ounces and improved economics.\" Robust Financial Metrics in a Tier 1 JurisdictionPre-tax NPV5% of C$939M, IRR 31.4%, and 2-year paybackPre-tax Net Operating Income of C$2,157MBase case metal price parameters of US$1,735 per ounceof gold and US$21.75 per ounce of silverAfter-tax NPV5% of C$589M, IRR 24.1%, and 2.8-year paybackCapital light developmentInitial capital of C$484M (including C$72.8M in contingency)Life of Mine capital of C$632MStrong 1.9:1 Pre-tax NPV5% to Initial Capex ratioMinimal pre-strip limited to TSF starter dam constructionLow All-In Sustaining Costs (AISC) US$ 786/Au oz (net of by-products)*Long Mine Life with Expansion OpportunityTotal resource production of 46.7 M tonnes over 12-year mine lifeAverage annual production of 163k AuEq ouncesLOM production 1.95M payable AuEq ouncesAverage AuEq Head Grade of 1.41 g/tAverage gold recovery of 92.4%*All-In Sustaining Costs (Net of By-Products) are calculated for the purpose of the Study as...