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Ascendant Files Technical Report and PEA for Expansion at El Mochito
Dec. 07, 2018 09:00AM PST
Base Metals Investing The company said the PEA demonstrates robust economics and reduces all-in sustaining costs to US$0.97 per zinc equivalent pound for life of mine.
Ascendant Resources (TSX:ASND) has announced that it has filed on SEDAR the technical report titled Preliminary Economic Assessment( PEA) for the expansion of the El Mochito mine for its producing zinc-lead-silver mine in Honduras.
The company said the PEA was prepared in accordance with national instrument 43-101 and supports the results initially announced on October 22, 2018, demonstrating robust economics and reducing all-in sustaining costs to US$0.97 per zinc equivalent pound for life of mine.
As highlighted in the press release:
- Project construction period: 2 years
- Project payback period: 2 years
- Life of mine (including current operations):10 years
- Average annual production: 41,000 tonnes zinc, 10,000 tonnes lead, 742,000 ounces silver
Click here to read the full Ascendant Resources (TSX:ASND) press release.