Firestone Ventures Releases Positive Preliminary Economic Assessment for Its Torlon Hill Zinc-Lead-Silver Deposit in Guatemala

Firestone Ventures Inc. (TSXV:FV,FWB:F5V) announced results from the Preliminary Economic Assessment for its Torlon Hill Zinc-Lead-Silver Project in Guatemala. The PEA projects a 97% IRR, 1.2 Year Payback and $45.4 Million NPV.

As quoted in the press release:

ProMet Study Base Case Highlights
• After-tax and after-royalty Net Present Value (“NPV”) at a 5% discount rate of US$45.4 Million and an after-tax Internal Rate of Return (“IRR”) of 97% that assumes expenditure and commissioning happen in the same year,
• Payback of 1.2 years after tax and after plant start-up,
• Initial capital cost (“Capex”) of US$26 Million over a 12-month development period,
• An initial 5 year mine life from the mining and processing of three million tonnes at a processing rate of 617,000 tonnes per year from one open pit operation with a strip ratio estimate of 2.57:1,
• Life of Mine (“LOM”) payable production of 106,392 tonnes of contained zinc metal, 42,979 tonnes of contained lead metal and 766,800 ounces of silver from the production of a zinc concentrate and a silver-rich lead concentrate,
• Estimated Operating Costs for the initial 5 year mine-life are $42.42/tonne,
• Commodity price assumptions for base case of $1.00/lb zinc, $1.00/lb lead and $30/ounce silver.

Click here to read the Firestone Ventures Inc. (TSXV:FV,FWB:F5V) press release