Pacifico Minerals Ltd (ASX:PMY, "Pacifico") has released its Pre-Feasibility Study (“PFS”) and Ore Reserve Statement for its 75% owned Sorby Hills Lead-Silver-Zinc Project ("Project").
What are the key highlights?
- The PFS highlights the low-risk nature of the project with a well defined large scale Mineral Resource, simple crush-mill-float processing circuit, high metal recoveries and key approvals received.
- The Project delivers Strong Pre-Tax Economics with a Pre-Tax NPV(8) of A$303M generating an IRR of 46% with a payback period of ~1.6 years. (Economic assumptions are based on conservative 10 year average lead and silver prices).
- Significant expansion and exploration potential through the potential inclusion of a Dense Media Separator within the process circuit and through exploration of exciting near-mine targets.
- With the completion of the PFS, Pacifico are now able to immediately commence a Definitive Feasibility Study (“DFS”).
See below for a breakdown of key PFS items and a link to the official announcement for further information.
Source: Pacifico Minerals Ltd, ASX Announcement on the 25th August 2020.