Cardero’s Prefeasibility Study Results Increases Measured & Indicated from 166M to 468M Tonnes

Cardero Resource Corp. (TSX:CDU,FWB:CR5) announced results of the Prefeasibility Study for the Carbon Creek Metallurgical Coal deposit in northeast British Columbia.

Base Case NPV8 $633 Million (Post-Tax, Post NPI), 23.7% IRR
Pre-production capital reduced to $217M from $301M
Percentage of hard coking coal increased to 60% from 35%
Average clean coal production rate increased to 4.1Mtpa from 2.9Mtpa
Measured & Indicated Resource Increased to 468M from 166M tonnes

Click here to read the Cardero Resource Corp. (TSX:CDU,FWB:CR5) press release