IN BRIEF: Meridian Mining files Cabacal feasibility study

Meridian Mining PLC - Brazil-focused gold, copper and silver project developer - Files an independent definitive feasibility study technical report for its Cabacal project in Mato Grosso, Brazil. The study outlines a post-tax net present value of USD2.1 billion and an internal rate of return of 108%, based on pre-production capital expenditure of USD322 million, Meridian says. The project has an estimated average annual production of 183,526 ounces of gold equivalent during its first five years of operation. Proven and probable mineral reserves total 56.0 million tonnes at grades of 0.61 grammes of gold per tonne, 0.35% copper and 1.33 grammes of silver per tonne.

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