By BFN News | 09:26 AM | Tuesday 02 December, 2014
Caledonia Mining has filed an NI 43-101 technical report including a preliminary economic assessment in respect of the revised investment plan at Blanket Mine. This was the subject of a news release dated 3 November. Highlights: · Internal rate of return: 267% · Net present value of the Blanket Mine: US$147m The objectives of the revised plan are to improve the underground infrastructure and logistics at the Blanket Mine and allow an efficient and sustainable production build-up. The investment proposed in the revised plan is expected to give rise to production from resources currently defined as inferred of approximately 70-75,000 ounces in 2021, this being in addition to projected production in 2021 from proven and probable mineral reserves of approximately 6,000 ounces. The revised plan is also expected to improve Blanket's long term operational efficiency, flexibility and sustainability. At 9:26am: (LON:CMCL) Caledonia Mining Corp share price was 0p at 40.5p Story provided by StockMarketWire.
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