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Northisle Announces Positive PEA for the North Island Project Which Confirms it is One of the Most Attractive Cu-Au Projects in Canada


Northisle Announces Positive PEA for the North Island Project Which Confirms it is One of the Most Attractive Cu-Au Projects in Canada
February 4, 2021 - All figures in C$ unless otherwise noted
TSX Venture Exchange Symbol: NCX
Highlights
The 2021 PEA confirms that the North Island Project is one of the most attractive copper-gold porphyry projects in Canada:
Long mine life of 22 years with average annual production of 177 mm lbs Cu Eq. over the first 6 years, including 112 mm lbs of copper, 112 koz of gold and 2.7mm lbs of molybdenum
Average annual after tax free cash flow of $321 million during the first 6 years and $224 million over the life of the operation ....

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First Mining Announces Positive Pre-Feasibility Study for the Springpole Gold Project, Ontario, Canada


After-Tax NPV
5% of US$995 million, After-Tax IRR of 29%
Average Annual Gold Production of 335,000 ounces and AISC of US$577/oz in Years 1 through 9
VANCOUVER, BC, Jan. 20, 2021 /PRNewswire/ -
First Mining Gold Corp. ( First Mining or the
  Company ) (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to announce the positive results of a Pre-Feasibility Study ( PFS ) completed for its 100%-owned Springpole Gold Project (the Project or Springpole ) located in northwestern Ontario, Canada. The PFS results support a 30,000 tonnes-per-day open pit mining operation over an 11.3 year mine life.
PFS Highlights
US$1.5 billion pre-tax net present value at a 5% discount rate ( NPV
5% ) at US$1,600/oz gold ( Au ), increasing to US$1.9 billion at US$1,800/oz Au ....

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