12
May
15:31
MANGANESE: Manganese X Energy releases PEA on Battery Hill project
Manganese X Energy is releasing a favourable preliminary economic assessment (PEA) for its Battery Hill metals project in eastern Canada, Kallanish reports.
The project near Woodstock, New Brunswick, would produce an after-tax net present value of $486 million and an internal rate of return of 25%, the Quebec-based company says. The mine would produce annual gross revenue of $220m over the first seven years. The capital budget will be $350m. The payback period is …
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