Name of the Project
Prairie Creek Project.

Location
Northwest Territories, Canada.

Project Owner/s
NorZinc.

Project Description
A preliminary economic assessment (PEA) has concluded that Prairie Creek represents a majorly derisked project, with world-class potential in one of the most favourable and stable jurisdictions in the world.

The PEA incorporates an updated mineral resource estimate of 9.8-million tonnes at 22.7% zinc-equivalent.

The project has demonstrated a robust throughput rate of 2 400 t/d over a 20.3-year mine life.

Average payable zinc-equivalent production is estimated at 261-million pounds a year, including the production of 2.55-million ounces a year of payable silver, 122-million pounds a year of payable zinc and 101-million pounds a year of payable lead.

The project has a life-of-mine 20.3 years.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a pretax net present value, at an 8% discount rate, of $505-million using base case metal prices of $1.20/lb zinc, $1.05/lb lead and $24/oz silver, and an internal rate of return of 21.4%. The project has a payback of 4.8 years.

Capital Expenditure
Preproduction capital expenditure (capex) is estimated at $368-million, including $35-million in contingency, with significant opportunity to improve initial costs through cost optimisation.

Planned Start/End Date
Not stated.

Latest Developments
An updated definitive feasibility study is expected to start immediately and will incorporate the investigation of numerous identified opportunities to add value by optimising capex and operational expenditure input costs.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
NorZinc, tel +1604688 2001 or email IR@norzinc.com.