Liberty Mines Files Technical Report for the Preliminary Economic Assessment on Hart Nickel Project

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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 ( NPV ) of $35.8 million using an 8% discount rate and a $10 per pound of nickel price.

-- 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.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

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