We are taking a disciplined approach. We plan on issuing a revamped PEA in Q4 2021 focused on high-grade early in the mine life and subsequent staged expansions to support manageable capital expenditures.
Our revamped PEA is planned to include:
- Focus on high grade early in the mine life
- Target initial mill throughput of 15,000-20,000 tonnes per day (tpd)
- Expand mill to 30,000-40,000 tpd once initial capex is paid off
A link to the most recent PEA, updated in April 2018 is located below for reference only. The 2018 PEA is based on a prior Mineral Resource Estimate and hence should no longer be relied upon. The Company’s 2021 PEA will be based on the October 2021 Mineral Resource Estimate.
For more information, please see: NI 43-101 Technical Report / Cordero Project PEA Update (March 2018)
*A Preliminary Economic Assessment should not be considered to be a prefeasibility or feasibility study, as the economics and technical viability of the Project have not been demonstrated at this time. The preliminary economic assessment is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. Furthermore, there is no certainty that the preliminary economic assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.