Liberty Mines Inc. (LBE.TO) has filed on SEDAR a National
Instrument 43-101 compliant technical report on the results of the
Preliminary Economic Assessment (PEA) completed for its Hart
Project, a nickel deposit located in Timmins, Ontario, and
approximately five kilometres from the Company's Redstone mill.
The PEA was prepared by Stantec Inc. Highlights include:
-- Estimated pre-tax Net Present Value (
) of $35.8 million using an 8% discount rate and a $10 per pound of
-- Estimated pre-tax NPV of $81.5 million using an 8% discount
rate and a $12 per pound nickel price.
The Hart Mine is expected to produce an average of 750 tonnes of
nickel ore per day throughout its eight year life. The PEA assumes
that construction of the mine will begin in 2013 and it will reach
a steady rate of production by 2017.
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.