NorZinc’s Prairie Creek targets 261Mlb/y of zinc-equivalent
TSX-listed NorZinc is starting on an updated definitive feasibility study for its Prairie Creek project, in the Northwest Territories, Canada, having completed a positive preliminary economic assessment (PEA).
The PEA incorporates an updated mineral resource estimate of 9.8-million tonnes at 22.7% zinc-equivalent, providing an economic assessment for a 2 400 t/d mine plan with a 20.3-year mine life.
The study delivered an aftertax net present value of $299-million and an aftertax internal rate of return of 17.7%, based on an initial capital expenditure of $368-million. Base case metal prices of $1.20/lb zinc, $1.05/lb lead and $24/oz silver are used.
Prairie Creek will produce an average of 261-million pounds of zinc-equivalent, including 2.6-million ounces a year of silver production. The project has a payback of 4.8 years.
"While the PEA considers historical data with a reinterpreted mineral resource, it outlines a solid base-case for management as we continue on the planned path towards financing and development of the Prairie Creek project,” commented CEO Rohan Hazelton.
NorZinc has identified multiple opportunities for further operational and economic optimisation, which will be investigated in the updated feasibility study, particularly in relation to input costs.
The fundamentals for zinc, our primary product, are strong and are enhanced by the recent addition of zinc to Canada's Critical Mineral List which highlights the minerals critical to the building of a clean and digitized economy. Silver is also expected to continue to play a significant role in the development and financing of the project as the market demand for silver streams is high, said Hazelton.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Sulzer South Africa, established in 1922, partners with critical industries like power, oil & gas, water, mining, and chemicals to boost...
VISIT SHOWROOM
The Steel Tube Export Association of South Africa was established to develop sustainable, internationally competitive carbon steel tube and pipe...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
