Honey Badger Silver has updated its Prairie Creek PEA, nearly tripling the project's NPV to $1.2 billion with a 29.3% IRR. While tonnage has increased, the update shows a decline in grades and relies on historical drilling data.
Honey Badger Silver Inc. has announced a positive Preliminary Economic Assessment (PEA) for its 100%-owned PC Silver Mine in the Northwest Territories. The study reports a 22-year mine life with an after-tax NPV of $1.2 billion and a 29% IRR, highlighted by a negative AISC of US$22/oz due to significant zinc, lead, and copper by-product credits.
Honey Badger Silver is advancing plans to restart the PC Silver Mine in the Northwest Territories by assessing the reuse of its existing processing facility. Additionally, the company has completed its 2026 exploration program at the Nanisivik Project in Nunavut, focusing on massive-pyrite and multi-element enrichment targets.
Honey Badger Silver has announced high-grade germanium potential (up to 316 ppm) at its Prairie Creek Silver Project in the Northwest Territories following research with the University of Toronto. The project also hosts a significant historic resource of 9.8 Mt of M&I silver-zinc-lead and 6.4 Mt of Inferred resources.
Honey Badger Silver has announced promising early-stage results indicating high-grade germanium potential (up to 316 ppm) at its Prairie Creek Silver Project in the Northwest Territories. The company is leveraging a research partnership with the University of Toronto to further quantify the distribution of germanium and tungsten, both of which are considered critical minerals.
