NEW CENTURY REPORTS OUTSTANDING FEASIBILITY RESULTS THAT CONFIRM A HIGHLY PROFITABLE, LARGE SCALE PRODUCTION & LOW COST OPERATION FOR THE CENTURY MINE RESTART
Restart Study completed by Sedgman in collaboration with New Century Resources and third party specialist consultants
New Century considers Project to have outstanding fundamentals with Century to become one of the world’s largest and lowest cost zinc operations
A$1.76 billion in post-tax cash flow over an initial 6.3 year mine life at a long term zinc price of US$1.25/lb (US$2,755/t) from the Century Tailings Deposit only; posttax NPV8 of A$1.3 billion and IRR of 270%
Proven Ore Reserve declared of 77.3Mt at 3.1% ZnEq
Low start-up capital of A$50M & working capital of A$13M, with New Century to be fully funded via A$50.7M cash (in place) & completion of a A$58M debt facility
Early works program underway, formal plant refurbishment and re-commissioning activities planned for January 2018, targeting first production in Q3 2018
All necessary permits and approvals in place to undertake the restart
Concentrate offtake negotiations advancing on highly favourable terms
Expansion Feasibility Study to be undertaken in 2018 to assess high grade in-situ resource blending potential to extend mine life and increase production levels
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- Ann: Outstanding Feasibility Results for Century Mine restart
Ann: Outstanding Feasibility Results for Century Mine restart, page-2
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