Pre-Feasibility Study (PFS) to utilise directional drilling targeting the high-grade zone of Inferred Mineral Resource Estimate (MRE) of 20Mt at 10% ZnEq (inc. 4.9Mt at 12.5% ZnEq)1
Directional drilling will substantially reduce the PFS budget and accelerate timing of a decision to mine
PFS to be completed in two stages with directional drilling to be utilised in stage 2 of the PFS expected to begin in the September Quarter 2017
Metallurgical, geotechnical, hydrogeological and geothermal studies underway to inform mining options
China Nonferrous Metals (NFC) and potential JV partners updated with new strategy on budget/timing to develop Admiral Bay via technical presentations in primarily China, Japan, Korea.
Ann: Admiral Bay Zinc Project PFS Update, page-2
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