The report is based on technical inputs from various independent
consulting groups, including; SRK, Redco, Transmin Metallurgical
Consultants and Anddes and was compiled under NI 43-101 standards by
Mining Plus Peru SAC.
This subsequent report is based on the results from a 43-101
Technical Report on the Bolivar mine dated June 28, 2018 with an
effective date of October 31, 2017 entitled “NI 43-101 Technical Report
on Resources and Reserves Bolivar Mine Mexico”, that was prepared by
independent SRK Consulting (US).
The Report included PEA results with:
• After-tax NPV: $214 million at an 8% discount rate
• Return on Investment: 550%
• After-tax payback period: 3.4 years
• Life of mine capital cost: $96 million
• Net after-tax cash flow: $303 million
• Total operating unit cost: $21.18/t
• Plant processing rate: 5,000 t/d
• Average copper recovery rate 85%
• Mine life: 11 years based on existing Mineral Resource Estimate
• Life of mine copper payable production: 252,507,942 lb.