Asset Report
Vares zinc mine project
Report summary
The Vares mine project is located near the town of Vares around 50km north of Sarajevo, the capital of Bosnia and Herzegovina. The concession holds many small historical mine workings and prospects. This analysis is based on the Definitive Feasibility Study released in 2021 which builds on findings from Scoping and Pre-Feasibility Studies completed in 2019 and 2020. A ten year mine life, shortened from 14 years, expects to produce on average 40kt/a, 25kt/a, and 5kt/a of contained zinc, lead and copper metal, with 4.4Moz/a and 30koz/a of contained silver and gold. The barite and pyrite concentrates which were studied in previous technical reports will no longer be produced and a SAG mill is replaced for a three stage crushing process. Total initial capex stands at US$168 million.
Table of contents
- Summary
- Key issues
- Mining
- Processing
- CAPEX
-
Royalties & taxes
- 2017
- 2019
- 2020
- 2021
- 2022
Tables and charts
This report includes 3 images and tables including:
- Detailed Map
What's included
This report contains:
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