Trigon Metals Inc (PNTZF)

[Mr. Zen]

Highlights of the report PEA include:

<< - 30 year mine life with 3.1 year payback from the beginning of production. - Pre-tax Internal Rate of Return of 43% and Net Present Value of US $2.9 billion using a before-tax discount rate of 10 per cent. - Start-up capital expenditures of US887 million and cash costs of approximately US$220 per ton for K2SO4 (SOP) and US$75 per ton for K2SO4MgSO4.2CaSO4.2H2O (SOPM). - Projected cash flow estimates based on an inferred polyhalite resource of 382 million short tons in resource greater than six feet thick in the area of interest. - Assumed full annual production mining capacity from an underground room and pillar mine of 4.6 million tons per year, with operations of 350 days per year on a full daily production of 13,143 tons. - Process plant design that utilizes ammonia to precipitate magnesium hydroxide and potassium sulphate, producing 500,000 tons of polyhalite and 904,000 tons of K2SO4 at full capacity. >>