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Advancing a large, near-surface, lead-silver-zinc deposit in Western Australia.

Pacifico intends to develop Sorby Hills, a large, near-surface, flat-lying, lead-silver-zinc deposit located 50 km northeast of Kununurra in Western Australia.

After completing the acquisition of a 75% interest in the Sorby Hills Project in late 2018, Pacifico carried out a drill program that significantly increased the size and confidence of the global MRE (29.97 Mt of 4.8% Pb equivalent (3.7% Pb, 43 g/t Ag) and 0.6% Zn) and underpinned an updated PFS.

The PFS estimated a CAPEX of A$95.4M to develop the mine, with a 16-month payback and a pre-tax NPV8 of A$243M. Importantly, the PFS only considered resources in the Indicated category (10.85 Mt with a grade of 5.1% Pb equivalent (3.9% Pb, 46 g/t Ag) and 0.4% Zn). 

An updated MRE was completed in October 2019, the Global Resource now includes 36Mt of 4.7% Pb equivalent (3.7% Pb, 39 g/t Ag) and 0.5% Zn with 16.6Mt of Indicated Resources at 4.8% Pb equivalent (3.8% Pb, 39 g/t Ag) and 0.4% Zn. These results will underpin the Optimised PFS expected to be completed in Q1 2020. 

Key Milestones - Sorby Hills Project

05 Oct 2018

Sorby Hills Project Acquisition

05 Oct 2018

24 Oct 2018

Phase I 5,500m Drilling Campaign Commences

3 Dec 2018

Phase I Drilling Completed

3 Dec 2018

23 Mar 2019

Mineral Resource Estimate Upgrade

26 Mar 2019

Updated Pre-Feasibility Study

26 Mar 2019

27 May 2019

Phase II Drilling Campaign Commences

24 Jul 2019

Phase II Drilling Completed

24 Jul 2019

28 October 2019

Phase III Drilling Commences

31 October 2019

Updated Mineral Resource Estimate

31 October 2019

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