Wolfden Announces Robust Preliminary Economic Assessment for Pickett Mt., Sept 14, 2020

By September 14, 2020Press Releases

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

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