Moon River Moly Announces Preliminary Economic Assessment of Potential Restart of 25% Owned Endako Molybdenum Mine
HIGHLIGHTS:
Pre-tax net present value ("NPV") of $1.1 billion, internal rate of return ("IRR") of 46%, an after-tax NPV of $790 million and an IRR of 40% at an 8% discount rate and assuming a long-term molybdenum ("Mo") price of US$49.73 per kg (US$22.50 per pound ("lb"));
10-year mine life based on 75,000 tonnes of mill throughput per day or 27.3 million tonnes per-year;
Initial capital cost of $550.9 million including $83.7 million of contingency;
Annual average production of 9.3 million kg or 20.5 million pounds of Mo;
Average cash cost of US$25.60 per kg or US$11.61 per lb and All-In Sustaining Cost ("AISC") of US$29.85 per kg or US$13.54 per lb of Mo;
Open pit mine with flotation processing facilities on site;
A measured and indicated mineral resource of 335.7 million tonnes grading 0.072% MoS2 (0.0 43 % Mo) (see Table 1.1;
A 2.2-year payback;
Life-of-mine direct income and mining taxes in excess of $609 million;
Potential Project enhancements from the use of ore bucket sorting technology and ore particle sorting ("OPS") technology.
All dollar amounts are stated in Canadian Dollars unless otherwise noted.
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