Boab Metals Ltd - Outstanding Economic Outcomes from Sorby Hills Pre-Feasibility Study
Boab Metals Ltd (ASX:BML)

Outstanding Economic Outcomes from Sorby Hills Pre-Feasibility Study


What's happened?

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?

  1. 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.
  2. 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).
  3. 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.
  4. 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.

Managing Director's Summary

Simon Noon

"The outcome of the Sorby Hills Pre-Feasibility Study is a testament to the professionalism of our team and partners and reflects the significant opportunity for the Project to be a low-cost operation with an attractive NPV and IRR. With advanced permitting, we intend to move immediately to progress the Definitive Feasibility Study, offtake, financing, and approvals workstreams."

Simon Noon
Managing Director, Boab Metals Ltd

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