Preliminary Economic Assessment Of Potential Restart Endako Molybdenum Mine

TORONTO – Moon River Moly Ltd. reported on the Preliminary Economic Assessment (PEA) for the Endako mine complex in British Columbia, currently on care and maintenance, comprised of an open-pit molybdenum mine, concentrator, and roaster, located approximately 190 kilometres west of Prince George, British Columbia. The PEA examines the potential restart of operations at the Endako Mine.
Paul Parisotto, President and Chief Executive Officer, said, “We are very pleased with the positive results of the PEA as it presents a very convincing case for the rapid advancement of the necessary work to restart mining operations at the Endako Mine.”
The PEA contemplates the restart of open pit mining with potentially economic mineralization processed in the existing on-site processing facilities. The open pit will produce approximately 26 to 27 million tonnes per year of potentially economic molybdenum (Mo) mineralization. Run of Mine (ROM) potentially economic mineralization will be crushed, ground in the SAG mill located in the New Plant (as defined below), ground in ball mills located in both the New Plant and Old Plant, as described further below, and followed by Mo concentrate produced by flotation. The resulting Life of Mine (LOM) is 10 years.