Tag: NorZinc Ltd.
Last Friday, Red Cloud hosted the third and final day of its Very Pre-PDAC Mining Showcase, which featured 39 presenting companies including a keynote speech by Joe Mazumdar, Editor/Analyst and Publisher of Exploration Insights and had over 1,750 participants registered in advance of the event. With this note, we want to provide a quick recap of the highlights from the conference for those who were unable to attend the live event. Replays are available on the Red Cloud website.
NorZinc announced that it has deferred the construction of the pioneer winter road at its 100%-owned Prairie Creek Zn-Pb-Ag project in the Northwestern Territories by up to one year due to longer than anticipated regulatory reviews. While this delays the development timeline for Prairie Creek, NorZinc is still well positioned in the longer term. The company has the major permits to build a road and mine, and it maintains positive relationships with stakeholders in the region. Meanwhile, the company plans to utilize this time to advance optimization work and to issue an updated Feasibility Study.
NorZinc provided an updated PEA on its 100%-owned Prairie Creek project located in the Northwest territories in Canada. The update is based on a 2,400tpd mining operation compared to the 1,600tpd operation contemplated in the 2017 PFS. As expected, the higher throughput rate results in a higher NPV, although we do note that it has also increased the capital expenditures for the project. We believe this is an important step for NorZinc, as this study demonstrates the positive economics at the higher throughput and opens the door to advancing the Prairie Creek project to the next level. Investors should note that Prairie Creek hosts a world-class deposit, with the largest and highest-grade reserve for a Ag-Zn-Pb mine in Canada.
Yesterday, Red Cloud hosted the third and final day of its three-day 2021 Oktoberfest Fall Mining Showcase, which featured 28 presenting companies including our keynote speaker John Ciampaglia, CEO of Sprott Asset Management, and had over 1,000 participants registered in advance of the event. With this note, we want to provide a quick recap of the highlights from the conference for those who were unable to attend the live event. A recap of our Day One and Day Two highlights can be found on our research portal page. Replays are also available on the Red Cloud website.