- Clean Air Metals (AIR) has announced that a PEA has been completed for the Thunder Bay North Platinum Group Element (PGE) project
- The project has a pre-tax net present value (NPV) of $425 million, and an after-tax NPV of $378.4 million at a 5 per cent discount rate
- 65.2 per cent of total mineral production will occur in the first five years
- Benton retains a 0.5 per cent net smelter return royalty from production on any mineral claims comprising the original Thunder Bay North portion of the project
- Benton continues to hold approximately 24.6 million shares in Clean Air Metals Inc.
- Benton Resources Inc. (BEX) is down 0.09 per cent and is trading at $1.08 per share as of 12:34 p.m. EST
A preliminary economic assessment has been completed for the Thunder Bay North Platinum Group Element (PGE) project.
The PEA includes a provision for a stand-alone milling complex and waste storage facility to process mill feed from both the current deposit and the escape deposit, part of the project mineral resource estimate.
The project has a pre-tax net present value (NPV) of $425 million, and an after-tax NPV of $378.4 million at a five per cent discount rate.
The capital payback will be 2.4 years from the start of production, and the revenue’s average is $239.8 million per year from the sale of PGE and copper mineral concentrates.
Approximately 65.2 per cent of total mineral production will occur within the first five years.
Benton holds approximately 24.6 million shares in Clean Air Metals Inc. and retains a 0.5 per cent net smelter return royalty from production on any mineral claims comprising the original Thunder Bay North portion of the project.
Benton Resources Inc. (BEX) is down 0.09 per cent and is trading at $1.08 per share as of 12:34 p.m. EST.