North River’s Namib Lead-Zinc Project Has “Good Economics”

North River Resources plc (LSE:NRRP) announced that it has completed a mine development plan for its Namibia-based Namib lead and zinc project. It shows that based on the current mineral resource, the project has good economics.

As quoted in the press release:

Based on 660 kt of ore mined based on the current estimate of life of mine, the cash flow model generated the following (after tax) financial statistics:

Pre-Production Capex — USD Million 25.2
Revenue — USD Million 93. 8
Cash Outflow — USD Million 75.2
Net Cash Flow — USD Million 18.6
NPV8% — USD Million 12.4
IRR% — 38
Payback Years —1.4

Click here to read the full North River Resources plc (LSE:NRRP) press release.