Dominion Diamond Hits Milestone with Jay Kimberlite Prefeasibility
Dominion Diamond Corp. (TSX:DDC,NYSE:DDC) released a prefeasibility study for the Jay kimberlite pipe deposit, which is located within the Northwest Territories-based Buffer Zone joint venture property.
Dominion Diamond Corp. (TSX:DDC,NYSE:DDC) released a prefeasibility study for the Jay kimberlite pipe deposit, which is located within the Northwest Territories-based Buffer Zone joint venture property.
As quoted in the press release:
Jay is the most significant undeveloped deposit at theĀ Ekati Diamond MineĀ due to its large size and high grade. Jay is located beneath Lac du Sauvage, a moderate sized lake north of Lac de Gras, and is approximately 1.2 km from the shoreline. The Jay pipe is approximately 7 km to the northeast of the Misery Pit and related infrastructure, and 30km to the southeast of the main Ekati mine infrastructure.
Highlights include:
Mined waste 182.1 million tonnes Mined ore 45.6 million tonnes Strip ratio 3.99 Recovered carats 84.6 million carats Recovered grade 1.9 carats per tonne Initial development capital US$657 million1 Pre-stripping capital US$33 million1 Sustaining capital US$148 million1 Average diamond price US$86 per carat2 Pre-tax NPV US$1,127 million Post-tax NPV US$610 million3 Real discount rate 7% Mine operational life 11 years Average total operating cost per tonne processed $75 per tonne4 Pre-tax IRR 21% Post-tax IRR 16%3
Brendan Bell, acting CEO of Dominion, commented:
Completing this pre-feasibility study is an important milestone for Jay, a project that we hope will be a significant growth opportunity for the company and a long-term pillar of theĀ Northwest TerritoriesĀ economy.
Click here to read the fullĀ Dominion Diamond Corp. (TSX:DDC,NYSE:DDC) press release.
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