Scotia Mine PFS: C$128M NPV, 64.9% IRR
EDM Resources Inc.'s Scotia Mine in Nova Scotia, Canada has a Pre-Feasibility Study (PFS) outlining an after-tax NPV of C$128M, an after-tax IRR of 64.9%, and initial capital of C$31M. The proposed mine plan runs 14.3 years.
EDM Resources Inc.'s Scotia Mine has reported Pre-Feasibility Study (PFS) results for the zinc project in Nova Scotia, Canada. The study headlines an after-tax net present value of C$128M at a 8% discount rate. It reflects EDM Resources Inc.'s (EDM.V) latest disclosed economics for the asset.
Economics. The after-tax NPV is C$128M using a 8% discount rate. After-tax IRR is 64.9%. Initial capital expenditure is estimated at C$31M. The study models a payback period of 1.3 years. All-in sustaining costs are pegged at 0.52 USD/lb ZnEq. Economics are based on Year 1 average (US$1.40/lb Zn, US$0.94/lb Pb, US$8.6/t Gypsum), LOM average (US$1.20/lb Zn, US$1.05/lb Pb, US$8.6/t Gypsum).
Production and mine plan. The project envisions an open-pit operation. Life of mine is 14.3 years. Average head grade is 2.03% Zn, 1.10% Pb. The open-pit strip ratio is 7.1.
Resources and ownership. Mineral reserves: Proven: 3,370 Kt @ 2.46% Zn, 1.21% Pb, 117 Kt ZnEq, 1,530 Kt Gypsum @ 92.8%; Probable: 10,290 Kt @ 1.88% Zn, 1.07% Pb, 284 Kt ZnEq, 3,650 Kt Gypsum @ 91.4%; Total: 13,660 Kt @ 2.03% Zn, 1.10% Pb, 401 Kt ZnEq, 5,180 Kt Gypsum @ 91.8%. Mineral resources: Measured: 4,320 Kt @ 2.57% Zn, 1.32% Pb, 158 Kt ZnEq, 1,530 Kt Gypsum @ 92.8%; Indicated: 21,130 Kt @ 1.75% Zn, 0.92% Pb, 530 Kt ZnEq, 3,650 Kt Gypsum @ 91.4%; M&I Total: 25,450 Kt @ 1.89% Zn, 0.99% Pb, 688 Kt ZnEq, 5,180 Kt Gypsum @ 91.8%; Inferred: 5,010 Kt @ 1.50% Zn, 0.66% Pb, 102 Kt ZnEq, 790 Kt Gypsum @ 91.2%. The company holds a 100% interest in the project. Royalties and streams: 2% royalty to Government of Nova Scotia.
These figures are extracted from EDM Resources Inc.'s technical disclosures and reflect the most recent PFS on file. Compare this project against other developers and producers in our project economics database, and always verify the numbers against the original technical report before making any investment decision.