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Trevali Completes PEA for Halfmile-Stratmat Zinc-Lead-Silver Deposits in New Brunswick, Canada

Published: December 1, 2017 |

[Click image to enlarge]

Trevali Mining Corporation has completed the jointly prepared preliminary economic assessment (PEA) led by SRK Consulting (Canada) Inc. for its wholly-owned Halfmile and Stratmat massive sulphide zinc-lead-silver deposits in the Bathurst Mining Camp of New Brunswick, Canada.

“This PEA study on Halfmile-Stratmat provides a strong, initial foundation for Trevali’s future plans in the Bathurst Mining Camp,” said Dr. Mark Cruise, Trevali’s president and CEO.

“The study contributes significantly to the company’s continued interest in the region and along with the resource expansion potential at Caribou, additional material at the past producing Restigouche mine and the exploration potential at the past producing Heath Steele mine, demonstrates the optionality for future planned production on either a stand-alone basis or by leveraging our current Caribou operational team and infrastructure,” added Cruise.

Under the base case PEA both the Halfmile and Stratmat deposits are fed to a new 3,000 tonne-per-day concentrator plant located at the Stratmat site. Results indicate positive economics with a pre-production capital expenditure of CD$231 million, a post-tax Internal Rate of Return (IRR) of 19 percent, post-tax net present value (NPV) of CD$99 million at an 8 percent discount rate, a mine life of 13 years with peak annual payable production of approximately 117 million lbs. zinc, 35 million lbs. lead, 2 million lbs. copper and 766,000 oz. silver. The alternative case PEA examined the feasibility of transporting pre-concentrated dense media feed (DMS) to the company’s Caribou concentrator plant. This study indicates economic results with an estimated pre-production capital expenditure of CD$156 million, a post-tax IRR of 25 percent, post-tax NPV of CD$116 million at an 8 percent discount rate.

To read more details in the company’s press release, CLICK HERE


About Trevali Mining
Trevali is a zinc-focused, base metals mining company with two commercially producing operations.

The company is actively producing zinc and lead-silver concentrates from its 2,000-tonne-per-day Santander mine in Peru and its 3,000-tonne-per-day Caribou mine in the Bathurst Mining Camp of northern New Brunswick. Trevali also owns the Halfmile and Stratmat base metal deposits, located in New Brunswick, that are currently undergoing a preliminary economic assessment reviewing their potential development. Additionally, the company has entered into a definitive agreement with Glencore PLC to acquire a portfolio of zinc assets from Glencore, including an 80 percent interest in the Rosh Pinah mine in Namibia, a 90 percent interest in the Perkoa mine in Burkina Faso, an effective 39 percent interest in the Gergarub project in Namibia, an option to acquire 100 percent interest in the Heath Steele property in Canada and certain related exploration properties and assets.

To stop by Trevali Mining’s website, CLICK HERE


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