Northcliff files Sisson feasibility update, sees post-tax NPV C$6.92 billion at 8% discount rate

• Northcliff Resources filed a NI 43-101 feasibility study update for the Sisson tungsten-molybdenum project in New Brunswick.
• Post-tax NPV C$6.92 billion at 8% discount rate; IRR 49.8%; 1.6-year payback on Argus price forecasts.
• Proven and probable reserves 276,800,000 tonnes grading 0.075% WO3, 0.023% Mo; 27-year mine life.
• Initial capex C$1.53 billion; sustaining capex C$571 million; operating cash costs C$9.23 per tonne milled net of credits.
• Construction decision targeted for late 2027; operations expected to start in 2030.

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