Tuesday, July 02, 2019 12:38:28 PM
Tinka Reports Positive Pea For The Ayawilca Zinc Project
July 2nd, 2019
After-Tax NPV8% of US$363M and IRR of 27% Initial Capex of US$262M
Vancouver, Canada – Tinka Resources Limited (“Tinka” or the “Company”) (TSXV & BVL: TK) (OTCPK: TKRFF) is pleased to announce positive results from the Preliminary Economic Assessment (“PEA”) prepared for its 100%-owned Ayawilca Zinc Zone project in central Peru. The PEA was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) by Amec Foster Wheeler Peru S.A. (Wood) as principal consultant, Transmin Metallurgical Consultants, and RPA Inc.The PEA provides the initial economic assessment for an underground ramp-access mine development with a 5,000 tonnes per day processing plant.
PEA Highlights
After-tax NPV8% of US$363 million and pre-tax NPV8% of US$609 million using metal prices of US$1.20/lb zinc, US$18/oz silver, and US$0.95/lb lead on a 100% equity basis;
Initial Capex of US$262 million with after-tax IRR of 27.1% and pre-tax IRR of 37.2%;
21-year mine life with average head grades of 6.05% zinc, 18.3 g/t silver, 67.1 g/t indium, and 0.25% lead;
Average annual production of approximately 101,000 tonnes of zinc recovered in concentrate and approximately 906,000 ounces of silver in a silver-lead concentrate;
Leverage to zinc price: 20% increase in zinc price increases after-tax NPV8% to US$606 million;
Numerous opportunities identified for potential economic improvement & exploration upside.
Read More At:
https://www.tinkaresources.com/news/tinka-reports-positive-pea-for-the-ayawilca-zinc-project
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