ScoZinc Announces Project Update and Results of Improved Economic Study for Restarting Operations

ScoZinc Mining (TSXV:SZM) has announced that it has completed additional technical and economic optimization studies to update the February 2018 preliminary economic assessment on its wholly-owned ScoZinc zinc-lead mine in Nova Scotia, Canada.

The company said project returns remain very robust as increased throughput, lower Canadian dollar assumption and lower initial capital largely offset lower metal price assumptions.

According to the release, the updated PEA includes:

• Revised mill process plan to incorporate a recently purchased SAG mill, which allows for higher throughput
• Fine-tuned mill performance parameters incorporating historical daily records
• A more detailed monthly life-of-mine (LOM) plan and production schedule
• Updated and refined capital and operating costs
• Additionally, changes in market conditions and outlook in late 2018 warranted revisions to some of the base case assumptions incorporated into the revised PEA; particularly a downward revision to metal prices and the Canadian dollar (CAD) to US dollar (USD) exchange rate.

Click here to read the full ScoZinc Mining (TSXV:SZM) press release.