Mustang Posts PEA for Mayville-Makwa Project

Mustang Minerals Corp. (TSXV:MUM) provided the highlights of a NI 43-101 compliant preliminary economic assessment (PEA) on its Mayville-Makwa nickel-copper-cobalt-palladium project, located in Manitoba.

It outlines a number of opportunities that could increase the project’s economic potential.

As quoted in the press release:

The PEA examined a proposed mining operation where ore is processed from two open pit resources (Makwa and Mayville) with metal recovery at a central mill located at the Mayville site. The mining operation outlined is conventional truck and shovel operation with metal recovery by conventional flotation concentration. Proposed total mine life is 14 years with an average mining daily rate of 8,200 tonnes per day of mineralized material. Average annual production from the Project is 3,600 tonnes of nickel in concentrate, 8,700 tonnes of copper in concentrate and 9,800 combined ounces of platinum and palladium. The concentrator location is proposed to be at the Mayville site and Makwa material will be trucked to the Mayville concentrator, a distance of 43 kilometres. The Makwa deposit is a nickel dominant deposit with lesser contributions of copper, palladium and cobalt. The Mayville deposit is a copper dominant deposit with lesser contributions of nickel and palladium. Metallurgical testing has demonstrated that the deposits are amenable to flotation concentration. The PEA noted further optimization of the project including trade-off studies, metallurgical enhancement and additional drilling.

Click here to read the full Mustang Minerals Corp. (TSXV:MUM) press release.