American Manganese Inc.(TSXV:AMY) announced the news that its Artillery Peak Manganese Project is economic as per the results of the pre-feasibility study prepared by Tetra Tech Wardrop. The Company are aiming to file the NI 43-101 report on SEDAR in the next 45 days.
As quoted in the press release:
As shown in the Report, the total amount of EMM produced over the life of the mine is estimated to be 994,499 tonnes (about 2.19 billion pounds). The average unit production cost of the EMM, after credits from by-product and on-site waste steam power generation. The plan incorporates a low waste strip ratio (2.20:1) and higher grade (3.13% Mn) in the first 6 years of operation; followed by the second phase of mining ending in year 10 that has an average grade of 2.68% MN and a waste strip ratio of 2.17:1.