KBL Mining Limited has completed the Pre-Feasibility Study for Stage 1 of the Sorby Hills silver project, located in the north-east Kimberley region of Western Australia.
- Post-tax net present value of $88 million
- Negative cash cost of $30.70 per ounce of silver after lead credits
- Less than two year payback period with an initial 10 year operating mine life
- Approximately 4 million ounces of silver and 100,000 tonnes of lead produced in first five years
- Final environmental approval expected by June 2013
- Development expected to commence in FY2014.
KBL Mining Limited (ASX:KBL and KBLGA) is pleased to announce that its Pre-Feasibility Study (PFS) has confirmed the robust viability of its 75%-owned Sorby Hills Silver Project (Sorby Hills Project), positioning the company to take the project into the next phase of development.
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