Superior Lake Resources has released details of a restart study for its Superior Lake zinc project in Canada. Highlights of the announcement include the following. - Restart study confirms robust economics forecast: o post-tax net present value 10% - US$158 million; o low all in sustaining operating costs - US$0.51/lb ; o low initial capital costs - US$75 million. - Initial mine life 6.5 years, with excellent potential to [...]
Superior Lake Resources has announced a maiden JORC resource for its Superior Lake Zinc Project in Ontario, Canada that ranks it as one of the highest-grade zinc projects in the world. Highlights of the announcement include the following. Maiden JORC (2012) resource of 2.15 Mt at 17.7% Zn, 0.9% Cu, 0.4 g/t Au and 33.5 g/t Ag. Over 90% of the resource is in the Indicated category, which has accelerated a re-start study [...]
Superior Lake Resources recently acquired the Superior Lake zinc project in Canada. It was the country's highest-grade zinc operation (3.5 Mt at 14% Zn, 1% Cu) for a decade before closing in 1998 as a result of ongoing low zinc prices. Any exploration work since has been limited, due to the continued low zinc price and the project's fragmented ownership. Why is this asset now viable? The zinc price, now at near-record [...]
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