Azure’s managing director said the company was immediately progressing into the feasibility study stage with the intention of developing Oposura into Azure’s first operating mine as swiftly as possible.
Azure Minerals (ASX:AZS) has announced positive outcomes from the scoping study completed on its Oposura zinc-lead-silver project in Sonora, Mexico.
As quoted in the press release:
The study delivers a life of mine EBITDA of AU$237 million, NPV8 (pre-tax) of AU$112 million and an IRR (pre-tax) of 76 percent, confirming Oposura as an economically and technically robust, high-margin project. Low operating and capital costs, high-value concentrate, strong operating cashflows, a payback period of about 16 months and, most importantly, a C1 cash cost (per pound of payable zinc production) in the lowest quartile of world zinc producers, all support the positive project economics.
Azure’s Managing Director, Tony Rovira said:
“The completion of this Study with its very positive project economics represents a key milestone for the company. We’re immediately progressing into the feasibility study stage with the intention of developing Oposura into the company’s first operating mine as swiftly as possible to take advantage of the strong zinc thematic.”