ZincX Resources Corp has announced that it has received positive and robust results from the recently commissioned independent Preliminary Economic Assessment (“PEA”) for the 100% owned zinc-lead-silver Cardiac Creek deposit located on the Akie property in northeast British Columbia, Canada. The PEA contemplates a 4,000 tonne per day underground mine and 3,000 tonne per day concentrator with an 18-year mine life. Total mine production is seen at 25.8 million tonnes of which 19.7 million tonnes are processed. Initial CAPEX (excluding contingency) is estimated at $ 256.7M; total of $ 302.3M including $ 45.7M in contingency.
The PEA is considered preliminary in nature and includes mineral resources, including inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. Mineral resources that are not mineral reserves have not yet demonstrated economic viability. The positive results outlined in the PEA demonstrate a robust, stand-alone base metal project with a large and potentially growing resource base, all-season access; good rail and road infrastructure and amenable to conventional mining and milling practices common to similar projects, says the company.