Trilogy Metals (TSX/NYSE American:TMQ) stated yesterday that its feasibility research for its Arctic challenge confirmed a $1.6 billion web current worth an inside charge of return of 31%.
Trilogy Metals is a metals exploration and growth firm which holds a 50 % curiosity in Ambler Metals situated in Alaska. Final yr South32 exercised its choice to type a 50/50 three way partnership with Trilogy.
The feasibility research describes the technical and financial viability of building a traditional open-pit copper-zinc-lead-silver-gold mine-and-mill complicated for a 10,000 tonne-per-day operation for a minimal 12-year mine life. The bottom case situation makes use of long-term metallic costs of $3.00/lb for copper, $1.10/lb for zinc, $1.00/lb for lead, $1,300/ozfor gold and $18.00/ozfor silver.
“Arctic is a particular challenge as a consequence of its distinctive high-grade polymetallic nature. The one different time that I’ve seen a challenge of this high quality the place the grades had been related was in an underground mining situation,” stated CEO Tony Giardini. “Nevertheless, Arctic is mineable in an open pit situation. I additionally wish to spotlight that Arctic incorporates a major quantity of gold and silver. At present spot metallic costs, the dear metals output represents nearly 20% of its income. The annual gold equal (gold and silver) payable output is about 80,000 ounces per yr.”
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