Scotia zinc mine, Canada
Name of the Project
Scotia zinc mine.
Location
Near Halifax, Nova Scotia, in Canada.
Project Owner/s
EDM Resources, formerly ScoZinc Mining.
Project Description
A prefeasibility study (PFS) completed on Scotia mine in November 2021 has estimated that Scotia mine will produce 35-million pounds a year of zinc and 15-million pounds a year of lead over a five-year annual average. The project has a mine life of 14.3 years.
The Scotia mine will have a processing throughput rate of 2 700 t/d.
Gypsum has been added as the mine’s third revenue stream, with total life-of-mine reserves of 5.18-million tonnes grading 91.8% added to the PFS.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has an estimated pretax net present value, at an 8% discount rate, of $174-million and an internal rate of return of 69%, with a payback of 1.3 years.
Capital Expenditure
Preproduction capital is estimated at $30.6-million.
Planned Start/End Date
Not stated.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
MineTech International (PFS) with assistance from ScoZinc personnel.
Contact Details for Project Information
ScoZinc Mining, tel +1 902 482 4481 or email info@EDMresources.com.
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