Based on the preliminary economic assessment completed in October 2021 and the envisioned mining rate of 2,400 t/d, the Prairie Creek project would have a net present value (at 8% discount) of $299M with average EBITDA per annum of $123 million and will deliver over C$8 billion in economic activity to the region over its 20-year mine life.
Located in traditional Dene territory, about 200 km west of Fort Simpson, NorZinc’s Prairie Creek property consists of the proposed high-grade zinc-lead-silver mine and surrounding land and access.
Should everything go according to plan, the Prairie Creek mine is expected to enter production by the end of 2025. The project’s original timeline was delayed by more than a year as NorZinc was required to obtain additional sub-certificates referred to as “management plans” on top of the permits required to build and maintain an all-season road from Liard Highway to the mine site.
NorZinc will…
