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 394 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. Since 2009, he has worked in the Capital Markets in Equity Research, M&A Investment Banking, and Consulting in various sectors.