Arizona Mining Inc.(TSX:AZ) is pleased to announce results from its Preliminary Economic Assessment (“PEA”) and a mineral resource update for its Taylor zinc-lead-silver sulfide deposit located on the 100%-owned Hermosa Project in Arizona. Based on current projections, the Company is targeting first production from a proposed 10,000 ton per day (“tpd”) operation in 2020.
Highlights (in US$)1
Substantial NPV8% of $1.26 billion
Robust after-tax IRR of 42%
Initial capex of $457 million
Short 1.7 year payback
Total operating costs of $48/ton
19 year mine life based on conservative 60.8 million tons of ore production