Name of the Project
Superior Lake zinc mine restart project.

Location
The project is located in Ontario, Canada.

Client
Superior Lake Resources.

Project Description
The project has indicated and inferred mineral resources of 2.15-million tonnes grading 17.7% zinc, 0/9% copper, 0.4 g/t gold and 33.5% g/t silver.

A restart study has confirmed that the Superior Lake project has the potential to be one of the lowest-cost zinc producers globally.

The project includes a 1 000 t/d concentrator, comprising a comminution circuit and a two-stage flotation circuit for copper and zinc respectively. The plant will produce 88 000 t/y zinc concentrate and 6 700 t/y of copper concentrate at steady state.

The project is forecast to have a six-and-a-half-year mine life.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 10% discount rate, of $164.8-million and an internal rate of return of 56%.

Value
Start-up capital is estimated at $75.15-million.

Duration
Not stated.

Latest Developments
The restart study has given the board confidence to advance the project towards a definitive feasibility study, which it aims to complete by mid-2019.

Superior Lake announced in December 2018 that an exploration drill programme at the project had intersected high-grade zinc at the Mid Pick zone and identified a new footwall zone within 9 m of the Pick Lake deposit.

These results have the potential to further improve project economics for the project.

Key Contracts and Suppliers
None stated.
 

On Budget and on Time?
Not stated.

Contact Details for Project Information
Superior Lake Resources, tel +61 8 6142 5088, fax +61 8 9200 5638 or email info@superiorlake.com.au.