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Augyva Mining Resources Inc. (TSXV:AUV) announced that Met-Chem Canada Inc. has submitted the Preliminary Economic Assessment (PEA) results for the Duncan Lake Iron Project (35% company owned) which showed a net present value of $4.1B.
Augyva Mining Resources Inc. (TSXV:AUV) announced that Met-Chem Canada Inc. has submitted the Preliminary Economic Assessment (PEA) results for the Duncan Lake Iron Project (35% company owned) which showed a net present value of $4.1B.
As quoted in the press release:
DUNCAN LAKE PROJECT PEA KEY ESTIMATED RESULTS BASED ON 100% OWNERSHIP OF THE PROJECT:
- Net Present Value (“NPV”) of $4.1 billion (pre-tax) at 8% discount;
- Internal Rate of Return (“IRR”) of 20.1% (pre-tax);
- Payback 4.2 years
- Mine life 20 years at 12 million tonnes per year (“Mtpy”) pellet production
- Initial project capital $3.8 billion
- Average site operating cost $59.17/tonne of pellet
- Accuracy of the estimate +/- 35%
Click here to read the full Augyva Mining Resources Inc. (TSXV:AUV) press release.
