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Dear Eric,
Commerce Resources Corp. (TSXv: CCE) (FSE: D7H) (OTCQX: CMRZF) is pleased to announce the completion of a positive National Instrument 43-101 compliant Preliminary Economic Assessment (�PEA�) for the Ashram Rare Earth Element Deposit at the Eldor Property in Quebec.
Highlights:
- Study results show a strongly positive cash flow from a 4,000 tonne per day open-pit operation at Ashram with a 25-year mine life, a pre-tax and pre-finance Net Present Value (NPV) at a 10% discount rate of $2.32 billion, a pre-tax/pre-finance Internal Rate of Return (IRR) of 44% and a pre-tax/pre-finance payback period of 2.25 years.
- SGS Geostat�s economic evaluation was based on the March 6, 2012 resource estimate which used a base case geologic cut-off grade of 1.25% TREO and provided 29.3 million tonnes (Mt) of measured and indicated resource, as well as 219.8 Mt of inferred resource averaging 1.88% TREO.
- The rare earth elements at Ashram occur in simple and well-understood mineralogy, being primarily in the mineral monazite and to a lesser extent in bastnaesite and xenotime. These minerals dominate the currently known commercial extraction processes for rare earths.
Click Here to Read Today's News Release
For more information on Commerce Resources Corp:
Following your review, if you have any questions, feel free to contact investor relations at 604.484.2700 or toll free at 1.866.484.2700.
Sincerely,
Chris Grove
Corporate Communications
Tel: 604.484.2700
Email: cgrove@commerceresources.com
Disclaimer: This email does not constitute investment advice. Commerce Resources Corp. provides investor relations materials for convenience and information only.
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Commerce Resources Corp. | Suite 1450 - 789 West Pender Street | Vancouver | BC | V6C 1H2 | Canada | |
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VanEck Vectors Global Alternative Energy ETF
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EXPLORATEUR |
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CODE : CCE.V |
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ISIN : CA2006971006 |
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Commerce Resources est une société développant des projet miniers d'argent et d'or basée au Canada. Commerce Resources détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont ELDOR, BLUE RIVER - FIR, CARBOT, AU-WEN CLAIMS et CABLE CREEK au Canada. Commerce Resources est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 4,7 millions (3,4 millions US$, 3,2 millions €). La valeur de son action a atteint son plus haut niveau récent le 11 mai 2007 à 1,80 , et son plus bas niveau récent le 16 août 2019 à 0,04 . Commerce Resources possède 47 442 200 actions en circulation. |