Blue Moon Metals announces positive results for the Blue Moon VMS deposit in California.

From GlobeNewswire: 2025-03-03 06:45:00

Blue Moon Metals Inc. announced an updated Mineral Resource estimate and results of a Preliminary Economic Assessment for the Blue Moon VMS deposit in California. The base case assessment includes an after-tax NPV of $244M, IRR of 38%, and payback period of 2.4 years. The Project is strategically significant due to the US’s zinc import reliance and bipartisan infrastructure bill. The PEA does not include credits for additional minerals, and further engineering and project development activities are planned. Permitting for exploration ramp construction is expected in 2026. (Words: 50)

The PEA was commissioned by Blue Moon and conducted by Micon International Ltd. and Resource Development Associates, Inc. The study estimates a LOM average head grade of 12.55% ZnEq, with nominal processing capacity of 1,800 tonnes per day. Initial capital costs are $144.5M, with sustaining capital costs of $64.5M. The Project has significant exploration potential and will require further metallurgical testwork, engineering studies, and environmental assessments. A Technical Report will be filed within 45 days. (Words: 50)

The Mineral Resource Estimate for the Blue Moon Project, effective December 24, 2024, is based on 87 drill holes totaling 122,364 feet of drilling. The Indicated Mineral Resources include 3,650,000 tons at 13.46% ZnEq, while Inferred Mineral Resources total 4,428,000 tons at 12.12% ZnEq. The resource estimate was prepared according to CIM standards. The Project design includes underground mining, metallurgy, processing, infrastructure, and closure planning. (Words: 50)



Read more at GlobeNewswire: Blue Moon Announces Robust Results of the Preliminary