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