Commodities
Cartier's Cadillac Project Boasts Robust Economics with Updated PEA
Cartier Resources Inc. (TSXV: ECR; FSE: 6CA; OTCQB: ECRFF) has released an updated Preliminary Economic Assessment (PEA) for its 100%-owned Cadillac Project in Quebec, Canada.
The PEA reports robust economics, with an after-tax NPV5% of C$1.0 billion and an after-tax IRR of 26.6% at a base case gold price of US$3,600/oz.
The project is expected to generate C$2,772 M in life-of-mine after-tax free cash flow over its 16.2-year mine life, with initial CAPEX of C$275.8 M and an AISC of US$2,137/oz.