Apollo Silver Corp. releases positive Preliminary Economic Assessment for Calico Project
1 report, 1 independent
Updated Thu 00:00
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What happened
Apollo Silver Corp. announced positive results from the Preliminary Economic Assessment for its Calico Silver Project in California. The assessment, and the updated Mineral Resource Estimate, were prepared by SLR Consulting. The project is planned as an open pit operation with an initial capital requirement of US$633 million.
From manilatimes.net
Why it matters
At a base case silver price of US$55/oz, the project projects an after-tax net present value of US$737 million and an internal rate of return of 25%. The operation is expected to produce 5 million ounces of silver annually over a 15-year mine life.
From manilatimes.net
Who's involved
- SLR ConsultingPrepared the updated Mineral Resource Estimate and Preliminary Economic Assessment for the project.
- Jason BellThe company whose Calico Silver Project was assessed.
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The entities involved
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SLR Consulting
international environmental consultancy
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