Constantine Metals Ltd. released their full Preliminary Economic Assessment (PEA) on Thursday, July 18. The document outlines projected mining methods and economic details of the Palmer VMS Mine.
None of the projections in the PEA are guaranteed to transpire. The PEA is only the first step, and will be followed by two other studies over the course of years, said Liz Cornejo at the Harbor Bar Chamber of Commerce Luncheon on July 12.
Some highlights of the PEA include:
An anticipated operational life of 11 years with 260 full time jobs.
An underground storage system for potentially acid generating rock.
The project will require $418 million of funding over its life.
In order to gain a better understanding of this large document, CIV is pursuing a more in-depth analysis. When this is complete, CIV will review and share the information.
To view the full PEA, click here.