Metalicity: Admiral Bay Zinc Project PFS Update

Metalicity Limited (ASX:MCT) is pleased to provide an update on the Pre-Feasibility (PFS) for the Admiral Bay zinc project, located in the northwest of Australia.
As quoted in the press release:

Metalicity Managing Director, Matt Gauci, commented:
“The testwork and application of the ore sorting technique, has the potential to deliver a Direct Shipping Ore product from the high grade zone as a stage 1 ‘starter mine’, which will bring forward production, accelerate cashflow and substantially reduce pre-production capital. By removing up to 50% of waste the potential exists to remove significant capex related to hoisting, processing and infrastructure for stage 2 Concentrate model from the global resource. The latest innovations applied to developing Admiral Bay substantially reduces capital intensity and is a further significant step forward in developing the project.”

Click here for the full text release