Thunder Bay Ontario, September 14, 2020 – Wolfden Resources Corporation (WLF:V) (“Wolfden” or the “Company”) is pleased to announce the positive results of an independent Preliminary Economic Assessment (the “PEA”) for its wholly owned Pickett Mountain high-grade polymetallic project in Northeastern Maine.
The Base Case Financial Model Yields:
- After-tax IRR of 37%
- After-tax NPV8% of US$198 million to Wolfden for an underground mine plan scenario
- Initial capital expenditure of US$147.4 million including 20% contingency and closure costs
- Payback 2.4 years