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EDM Resources is moving toward the reopening of the Scotia zinc-lead mine 62 km northeast of Halifax, Nova Scotia. The mine has been on care and maintenance since the nosedive of commodity prices in 2008.
“Whilst completing the application to the Department of Fisheries and Oceans is one of the major tasks our teams are working on, we are also busy advancing several other important and necessary steps in parallel so that the mine can be ready for a production decision as soon as permitting is completed,” he added.
The company is preparing the mine plans for geotechnical assessment, and is assessing high-grade ores that will be used to conduct dense media separation pilot plant testing. The results of the DMS testing should be available in mid-September. The prefeasibility study was updated in 2021 to show an after-tax net present value of C$128 million and an after-tax internal rate of return of 65%.
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