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Tinka Resources releases positive PEA for Ayawilca Zinc Project

Tinka Resources Limited (CVE:TK) chief executive officer Graham Carman updates Proactive Investors on positive results from the Preliminary Economic Assessment for its Ayawilca Zinc Zone project in central Peru.

Carman says the company was very pleased with the long-awaited results based on a mid-sized underground mining case of 5,000 tonnes per day and relatively modest initial capital.

“This is a fantastic result with $363 million NPV at 8% discount and an IRR of 27% which we believe is a robust project,” he says.

The project is based in one of the world’s most prolific polymetallic belts and is among the best new zinc development projects in the Americas.

Quick facts: Tinka Resources Limited

Price: 0.185 CAD

TSX-V:TK
Market: TSX-V
Market Cap: $63.04 m
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Tinka Resources derisking and value adding at Ayawilca amidst interest from...

Dr Graham Carman, chief executive of Tinka Resources Ltd (CVE:TK) (OTCMKTS:TKRFF), stops by the Proactive Investors Sydney studio following a round-the-world roadshow to discuss the updated Mineral Resources estimate for its 100%-owned Ayawilca zinc and tin project in Peru. Carman shares...

on 2/12/18

2 min read