EraNova Metals has filed a NI 43-101 technical report supporting an updated Preliminary Economic Assessment (PEA) for the Adanac Molybdenum Project. The report confirms a base case after-tax NPV of C$714.7 million and a 23.5% IRR, supported by a molybdenum resource containing 435.7 million pounds of M&I.
EraNova Metals Inc. announced positive results from a Preliminary Economic Assessment (PEA) for its 100% owned Adanac Molybdenum Project in British Columbia. The PEA outlines a 24-year open-pit operation with a post-tax NPV of C$714.7 million and an IRR of 23.5% at a base case molybdenum price of US$25.00/lb. The study confirms Adanac as a large-scale, long-life primary molybdenum project with strong economics, supported by a high-confidence mineral resource (93% M&I in the mine plan) and existing infrastructure, enabling direct advancement to a Feasibility Study.
Moon River Moly Ltd. has engaged Concentrator Support Ltd. to provide engineering and metallurgical services for the Davidson Molybdenum-Copper-Tungsten Project. The engagement includes appointing Cameron Lilly as Project Manager to oversee ongoing tungsten flotation test work and future development planning.
Eagle Plains Resources Ltd. and Pacific Bay Minerals Corp. have entered into an option agreement for the Haskins critical metals project in British Columbia. Under the terms, Pacific Bay can acquire up to a 100% interest over four years through share payments and exploration expenditures.
Rokmaster Resources has reported successful first-pass diamond drilling at the Wilson Target within its Hanson Property in British Columbia. The program intersected high-grade molybdenite, including an intercept of 0.518% Mo over 1.20 m, confirming porphyry-style mineralization within a known geophysical anomaly.
EraNova Metals has identified rare earth element (REE) potential at its Adanac Molybdenum Project by re-evaluating historical assay data from 89 drill holes. The re-evaluation showed TREO values up to 1087 ppm, suggesting additional byproduct value that may be evaluated during the upcoming NI 43-101 compliant PEA.
EraNova Metals has decided to advance the Adanac Molybdenum Project toward a NI 43-101 compliant Preliminary Economic Assessment (PEA). This decision follows an internal desktop assessment by Tetra Tech that supported the project's potential using conservative legacy inputs.
Moon River Moly announced an updated Preliminary Economic Assessment (PEA) for its Davidson Molybdenum-Copper-Tungsten Project in British Columbia, demonstrating improved economics. The PEA outlines an after-tax NPV of $1.034 billion and an IRR of 32% at an 8% discount rate, based on a 20-year mine life and 10,000 tonnes per day throughput. The project features an underground mine and processing plant with dry stacked tailings, aiming for a low carbon footprint, and benefits from its Tier 1 jurisdiction and inclusion of copper and tungsten by-product revenues.
Stuhini Exploration has engaged Tetra Tech to conduct a conceptual-level economic viability assessment of the Ruby Creek molybdenum deposit in British Columbia. This study aims to refresh the project's development potential using historical data and updated market inputs, potentially leading to a Preliminary Economic Assessment (PEA).
Rokmaster Resources Corp. has announced positive results from its first phase of field work on the Hanson Property in British Columbia. The work identified elevated gold, silver, and lead in grab samples and expanded molybdenum and copper soil anomalies in the Wilson and Buckley Zones.
