Helio Resource Corp. [TSX-V:HRC] - Helio Reports Preliminary Economic
Assessment of the SMP Gold Project, Tanzania
500,000 Ounce
Production Base Case - NPV of US $85.7M (IRR of 24%)
800,000 Ounce Production
Upside - NPV of US $146.1M (IRR of 23%)
Helio Resource Corp (TSX-V: HRC)
is pleased to report that it has received an independent NI 43-101 compliant
Preliminary Economic Assessment (“PEA”) for the SMP Gold Project in Tanzania.
The PEA was conducted on Measured and Indicated Resources only, with production
envisaged from the Porcupine, Kenge and Mbenge targets.
It is also
important to note that this PEA evaluates only 3 of the 30 targets within the
SMP Gold Project area.
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