NGEx Resources Inc has filed a technical report for its Josemaría project (pictured) entitled “NI 43-101 Technical Report, Prefeasibility Study for the Josemaría Copper-Gold Project, San Juan Province, Argentina”. The Josemaría PFS, which is dated December 19, 2018, and is effective November 20, 2018, was prepared in compliance with NI 43-101 – Standards for Disclosure for Mineral Projects and supports the scientific and technical disclosure in the company’s news release and material change report both dated November 20, 2018 as amended below.
| November 20, 2018 Original |
December 19, 2018
Amended |
|
| Pre-Tax IRR | 21.3% | 21.4% |
| After-Tax IRR | 18.6% | 18.7% |
| Undiscounted After-Tax Cash Flow (LOM) | $6.5 billion | $6.6 billion |
| Initial Capital Expenditures (rounded) | $2,750 million | $2,761 million |
| LOM Sustaining Capital Expenditure (excluding closure) | $833 million | $860 million |
| LOM Operating Costs ($/t processed) | $6.82/t | $6.74/t |
In addition, NGEx has filed a technical report for it Los Helados project entitled “Technical Report on the Los Helados Porphyry Copper-Gold Deposit Chile”. The Los Helados Report, which is dated December 14, 2018 and is effective May 27, 2017, was prepared in compliance with NI-43-101. This report was prepared for NGEx in order to replace the previous technical report for Los Helados, which was a PEA summarizing a mining project which jointly developed Los Helados and Josemaría deposits. As the Josemaría PFS was completed by NGEx outlining a standalone mining operation for the Josemaría deposit, a new, current technical report was prepared for Los Helados.
NGEx is a Canadian mineral exploration company with projects in Chile and Argentina. Its main focus is on advancing the development of its two, large copper/gold deposits, Los Helados and Josemaría, located in Chile’s Region III and adjacent San Juan Province, Argentina. NGEx owns a 100% interest in the Josemaría project and is the majority partner and operator for the Los Helados project, subject to a Joint Exploration Agreement with its joint exploration partner in Chile, Pan Pacific Copper (PPC).
