Cost, value and financial assumptions used in the PEA update were unchanged from the original
Arrow's President, Kim Tyler, comments "The impact of the new resource estimate and higher metal recoveries are substantial for the project. Not only are 13 million additional lbs of recovered nickel expected over the life of the mine but they will be produced at no extra operating or capital cost relative to the January '08 PEA.
They are also expected to be produced earlier in the mine life allowing for rapid payback of pre-production capital costs. The exceptional improved metallurgical recoveries thus contribute to Kenbridge achieving an 89% increase in pre-tax net present value over the first PEA, all other assumptions being equal. With expected net cash costs of US$3.47/lb of nickel, Kenbridge would be one of the lowest cost nickel sulphide operations in Canada.
Given these results and the fact that the deposit remains open at depth and along strike we are confident to move the Kenbridge project into feasibility as soon as possible".
January '08 PEA including average life of mine US$10.00/lb nickel and US$2.50/lb copper prices and a CD$1.00:US$0.90 exchange rate.
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Arrow's President, Kim Tyler, comments "The impact of the new resource estimate and higher metal recoveries are substantial for the project. Not only are 13 million additional lbs of recovered nickel expected over the life of the mine but they will be produced at no extra operating or capital cost relative to the January '08 PEA.
They are also expected to be produced earlier in the mine life allowing for rapid payback of pre-production capital costs. The exceptional improved metallurgical recoveries thus contribute to Kenbridge achieving an 89% increase in pre-tax net present value over the first PEA, all other assumptions being equal. With expected net cash costs of US$3.47/lb of nickel, Kenbridge would be one of the lowest cost nickel sulphide operations in Canada.
Given these results and the fact that the deposit remains open at depth and along strike we are confident to move the Kenbridge project into feasibility as soon as possible".
January '08 PEA including average life of mine US$10.00/lb nickel and US$2.50/lb copper prices and a CD$1.00:US$0.90 exchange rate.
Click Here For The Total Release
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