Central Asia Metals plc plans to expand into Canada by acquiring Quebec-focused copper-gold-silver developer Cygnus Metals Ltd, in an A$232 million (£123m) all share purchase. MRE The transaction adds the Chibougamau project to Central Asia’s Kazakhstan copper and North Macedonia zinc-lead production and its investment in Aberdeen Minerals Ltd’s base metals exploration project in Scotland. […]
Tag: preliminary economic assessment (PEA)
Oriole increases MRE at Bakassi Zone 1
Oriole Resources plc reported a 23% increase in the mineral resource estimate for Bakassi Zone 1 (BZ1) at its 90% owned Bibemi orogenic gold project in Cameroon. PEA Independent consultant Forge International Ltd’s revised MRE of 460,000oz of contained gold has 100,000oz at 2.05 g/t gold in the indicated and 360,000oz gold at 2.06g/t gold in […]
GreenRoc PEA shows 22 years for Amitsoq mine
A 22-year mine life, with potential to increase by expanding resource, is forecast for GreenRoc Mining’s graphite project at Amitsoq in southern Greenland. ECONOMICS SLR Consulting Ltd’s NI 43-101 preliminary economic assessment (PEA) includes average annual production of 77,000t of concentrate at a minimum 94% grade. The mine plan assumes mining from only the lower graphite […]
Altus reports 67% rise in reserves and $150m NPV for Diba gold project
Altus Strategies plc announced a 67% increase in mineral reserves and post-tax net present value (NPV) of US$150 million for its 100% owned Diba & Laflanka gold project in western Mali. MINERAL RESOURCE ESTIMATE The company reported the figures in its revised mineral resource estimate (MRE) and preliminary economic assessment (PEA). Altus said it aimed […]
Anglesey PEA increases Parys mineable tonnage
Anglesey Mining plc reported major increase in mineable tonnage at its precious and base metals deposits at Parys Mountain in North Wales. POTENTIAL A preliminary economic assessment (PEA) conducted by Micon International Ltd of copper-zinc-lead-gold-silver deposits showed a new estimate of 5.2m tonnes in the indicated category at a combined base metal grade of 4.3%. […]