Erin Ventures – High-grade Boron Project Fast Tracking to a Feasibility Study

The Company’s current focus is the 100%-owned Piskanja Boron project in Serbia.

February 25, 2020 Chris Thompson Erin Ventures, Mining, Mining - Industrial Minerals, Mining - Other Metals

eResearch is pleased to publish a Company Report on Erin Ventures (TSXV:EV). You can download the full 19-page Company report by clicking here: eR-ErinVentures-EV-CR-2020-02-25-FINAL

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Erin Ventures - EV - logoCOMPANY DESCRIPTION:

Erin Ventures Inc. (“Erin” or “the Company”) is a junior exploration company engaged in the acquisition, exploration, and development of resource properties. The Company’s current focus is the 100%-owned Piskanja Boron project in Serbia. Erin has started the exploitation licensing process for Piskanja and is currently advancing the project with an updated Mineral Resource calculation and a Technical Economic Assessment, which would lead to a Feasibility Study. In addition, the Company is completing all other permitting activities to obtain the necessary licenses and approvals to exploit and mine Piskanja.

INVESTMENT THESIS AND UPCOMING CATALYSTS:

  • High-grade Boron Deposit: Erin’s main project, Piskanja, contains a high-grade boron deposit with a 43-101 compliant mineral resource with an Indicated Mineral Resource of 7.8 million tonnes averaging 31.0% boron oxide (B2O3) and an Inferred Mineral Resource of 3.4 million tonnes averaging 28.6% boron oxide.
SRK Mineral Resource Statement (2016)
Source: 43-101 Report
  • Robust PEA; highlights include:
    • Post-tax NPV: US$428 million;
    • Gross project revenue: US$2 billion;
    • Average annual gross revenue: US$97 million;
    • IRR: 64%, using a 10% discount rate;
    • 21-year mine life, with a projected payback of less than two years;
    • Pre-production capital cost of US$84.6 million;
    • All-in operating cost: US$166/tonne.
  • Strong and Growing Boron Market
    • Boron market is currently valued at over US$2 billion per year.
    • Limited number of economically viable deposits.
    • Price stability and high margins.
  • Good Location & Infrastructure: Electric power, paved roads, rail, barge access, and experienced workforce.
  • Fast Tracking to a Feasibility Study
    • Currently completing the Serbian “Elaborate report”, primarily a Mineral Resource calculation and a Technical Economic Assessment, so it can move towards starting a Feasibility Study.
  • Large Land Package adjacent to Piskanja for further exploration.

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You can download the full 19-page Company report by clicking here: eR-ErinVentures-EV-CR-2020-02-25-FINAL

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Products that use Boron
Source: Company Report
About Chris Thompson 340 Articles
Chris Thompson is the President and Director of Equity Research at eResearch. He is a Professional Engineer and CFA Charterholder with a MBA in Investment Management and over 15 years of experience in software development, FinTech, telecommunications, and information technology. For the past 10 years, he has worked in the Capital Markets in Equity Research, M&A Investment Banking and Consulting in various sectors.