Conquest Mining Limited (ASX:CQT)
Perth, April 30, 2009 AEST (ABN Newswire) - Conquest Mining Limited (ASX:CQT)(PINK:CQMLF) provide an investor presentation covering Silver Hill Pre-Feasibility Study. Outcomes of the Silver Hill PFS are highly attractive and indicate the project will deliver substantial shareholder value and is fundable.
Conquest has completed the PFS on the Silver Hill Project with input from a number of independent consultants.
Results indicate that combining a high grade concentrate with lower grade concentrate production treated on site using a bio oxidation process results in a robust project that has a favourable IRR and NPV.
Results also indicate that the Project can support a reasonable level of debt based on banks' minimum coverage ratios.
Conquest has materially progressed discussions with offtake counterparties and is confident of negotiating contracts on acceptable terms.
Conquest has identified the potential for significant optimisation of the PFS which will have a significant positive impact on NPV
Subsequent to the PFS completion, Conquest has identified 10-15% reductions to operating costs which have a high probability of applying to Silver Hill.
Optimised costs coupled with more up to date schedules and pricing have been used to provide a revised optimal pit.
Analysis indicates a strong likelihood that in excess 7Mt will be mineable and contribute positively to the overall project value.
For the complete Conquest Mining Investor Presentation, please see the link below;
http://www.abnnewswire.net/media/en/docs/60568-ASX-CQT-30042009.pdf
Contact
Conquest Mining Limited
Tel: +61-8-9240-4111
Fax: +61-8-9240-4054
www.conquestmining.com.au
Email: reception@chellingtons.com.au
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