O3 Mining Delivers Positive PEA for Garrison Project

December 14, 2020

Today O3 Mining (TSX-V: OIII) released the results of its Preliminary Economic Assessment on its Garrison Project located in the heart of Kirkland Lake, Ontario, one of the most recognized mining districts in Canada.

Key highlights include:

  • Long-term gold price US$1,450/oz
  • After-tax NPV (discount rate 5%) of C$321M
  • Initial capital of C$267M
  • Life of mine of 12 years
  • Average annual gold production of 121,000 oz

To read the full release, visit O3Mining.com/news

The following video may include forward-looking statements, O3 Mining Inc. directs viewers to the cautionary notes on page two of O3 Mining’s Corporate Presentation, located at O3mining.com