Meridian Mining pegs Cabaçal project after-tax NPV5 at USD 2.09 billion in DFS

• Meridian Mining released a definitive feasibility study for the Cabaçal gold-copper-silver project in Mato Grosso, Brazil.
• After-tax NPV at 5% seen at USD 2.09 billion in the base case; IRR 107.6%; payback 0.9 years.
• Spot-price case lifted after-tax NPV at 5% to USD 2.9 billion; IRR 134.7%; payback 0.7 years.
• Initial capital set at USD 322 million; life-of-mine after-tax free cash flow estimated at USD 2.87 billion.
• Mine plan targets 56 million tonnes milled over 13.9 years; throughput ramps to 4.5 million tonnes per year from year 4.

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