Foran Mining’s McIlvenna Bay project receives ministerial approval
The copper-zinc-gold-silver project in Saskatchewan has a projected 18-year mine life, over which it could produce 65 million lb. of copper-equivalent annually.
The results are the latest batch from the ongoing multi-year 300,000-metre drilling campaign designed to expand the known mineralization of the polymetallic VMS target.
The PFS showed robust project economics including a post-tax net present value of C$463 million and post-tax unlevered internal rate of return of 23.2%