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    Alloycorp Mining Releases Results of FEED Study

    Charlotte McLeod
    Nov. 13, 2015 04:55PM PST
    Industrial Metals

    Alloycorp Mining Inc. (TSXV:AVT) announced results from a front-end engineering design (FEED) study completed on its Avanti Kitsault project. President Peter Mah said the project has now been “significantly de-risked … from a constructability perspective.”

    Alloycorp Mining Inc. (TSXV:AVT) announced results from a front-end engineering design (FEED) study completed on its Avanti Kitsault project. President Peter Mah said the project has now been “significantly de-risked … from a constructability perspective.”
    The company has summarized the results as follows:

    • Optimized mine plan targeting highest grade proven and probable mineral reserves and softest ore zones first — average grade of molybdenum over the first five years 0.092% and over life-of-mine is 0.078%
    • Process plant re-designed to support a 45,500 tpd operation producing both molybdenum and silver concentrates under a wide range of operating conditions
    • Average annual production of approximately 12,994 tonnes of molybdenum and 1.2 million ounces of silver over the first five years of production
    • Site cash costs, net of silver by-product credits of $6.30 (US$5.04) per pound of molybdenum over the first five years of production and $6.55 (US$5.24) per pound over life-of-mine
    • Total cash operating costs, including transportation costs, treatment charges, royalties and net of silver by-product credits, of $8.63 (US$6.91) per pound of molybdenum over the first five years of production and $9.15 (US$7.32) per pound over life-of-mine
    • Pre-production capital costs were estimated at $1.2 billion

    It has also provided a financial model based on design assumptions in the FEED study:

    • Pre-tax NPV8% of $676 million and IRR of 16.1%
    • After-tax NPV8% of $346 million and IRR of 12.7%
    • Average unlevered free cash flow of $220 million annually over mine life
    • Payback period of 5.3 years

    Click here to read the full Alloycorp Mining Inc. (TSXV:AVT) press release.

    mine lifetsxv:avt
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