Dominion Diamond Corp. (TSX:DDC,NYSE:DDC) released a prefeasibility study (PFS) for the Sable kimberlite pipe deposit, located within the Core Zone joint venture property. Core Zone is located in the Northwest Territories, and Dominion holds an 88.9-percent stake in the property.
As quoted in the press release:
The Sable PFS evaluated the development of the Sable pipe as an incremental development opportunity of the Jay Project, and the NPV calculation for the Sable Project represents the Company’s share of the incremental NPV. This analysis includes the positive cash flow effects of the Sable Project, while also factoring in a deferral of Jay ore processing and additional years of fixed operating costs. Incorporating production from Sable into the Jay Project will keep the existing Ekati process plant at its full capacity until 2033 (with Sable processing ending in 2027). Sable’s higher value ore will allow for optimal mine sequencing and operational flexibility to maximize the value of the Ekati operation.
The Sable pipe is located beneath Sable Lake, 17 kilometres north-northwest of the existing Ekati mine infrastructure, and is fully permitted under existing Land Use Permits, a Water License, and a Fisheries Act Authorization.
Key PFS highlights are as follows:
Click here to read the full Dominion Diamond Corp. (TSX:DDC,NYSE:DDC) press release.
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