Nexa Announces PEA for Potential Annual Production of 150kt of Zinc Equivalent - Hilarión Project
“Technical Report on the Hilarión Project, Department of Ancash, Peru”Tweet this
“Technical Report on the Hilarión Project, Department of Ancash, Peru”
The Hilarión Project, which is part of Nexa’s strategy of reaching full integration of mining and smelting operations, is 100% owned by Nexa Perú, an 80% owned subsidiary of Nexa Resources.
Hilarión has one of the largest Mineral Resources estimate among the undeveloped zinc projects in Latin America, according to SNL Metals & Mining 2019 data, with Measured and Indicated Resources estimated to contain 2.1 million tonnes of contained zinc and inferred resources estimated to contain 0.9 million tonnes of contained zinc.
Highlights of Hilarión PEA
Commenting on the PEA, Tito Martins, CEO of Nexa Resources, said, “The Hilarión Project is part of our organic growth strategy of achieving full integration in our smelting and mining operations. We are still in the early stages of the Project and we believe Hilarión has good potential to generate value in the medium to long term.”
“The initial results of the PEA are promising and we intend to continue progressing our 2020 exploration campaign, targeting the north and south extensions of the Hilarión deposit. In addition, we are working on a new geological model to incorporate the latest exploration results and the metals not included in the current valuation model, which should better reveal the potential of value creation at the Hilarión Project,” mentioned Mr. Martins.
The economic analysis contained in the Technical Report assumes that production at Hilarión will be fully integrated with our smelter and it represents a conceptual study of the potential viability of the Mineral Resources that have been defined until the drilling cut-off date on the Project. There is no certainty that economic forecasts on which the PEA is based will be realized.
Based on the results of the PEA and the 2018-2019 drilling results (not incorporated in the model), Nexa plans to continue to progress with its drilling campaign, update the resource block model and expects to proceed with a pre-feasibility study of the Project in the medium-term.
The PEA Technical Report on the Hilarión Project was prepared jointly by Nexa and Roscoe Postle Associates Inc. (“RPA”) in accordance with the Canadian Securities Administrator’s National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”), and it is available on the Company’s website (ir.nexaresources.com) and on SEDAR (www.sedar.com).
Nexa is a large-scale, low-cost integrated zinc producer with over 60 years of experience developing and operating mining and smelting assets in Latin America. Nexa currently owns and operates five long-life underground mines - three located in the Central Andes of Peru and two located in the state of Minas Gerais in Brazil - and is developing the Aripuanã Project as its sixth underground mine in Mato Grosso, Brazil. Nexa was among the top five producers of mined zinc globally in 2019 and also one of the top five metallic zinc producers worldwide in 2019, according to Wood Mackenzie.
Roberta Varella – Head of Investor Relationsir@nexaresources.com+55 11 3405-5601
© 2020 MDO Data Online Inc.
© 2019 MDO Data Online Inc.