| Announcement Date: | 2022-03-31 |
|---|---|
| Announcement Type: | Feasibility Study |
| Announcement Code: | NI43-101 |
| Company name: | Aya Gold & Silver Inc. |
| Project name: | Zgounder |
| Location: | Morocco |
| Commodities: | Silver |
| Highlight: | Feasibility Study results incl. post-tax NPV (5%) of US$373M & IRR of 48% |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | The Zgounder Project (the “Project” or “Mine”) is a silver mining project located in the Kingdom of Morocco, approximately 265 km east of the City of Agadir (pop. 575,320), in the Taroudant Province. Aya was authorised by the Office National des Hydrocarbures et des Mines (“ONHYM”) to prospect and exploit base and precious metals at the Zgounder Mine. The mining title number 09/2096 and exploitation permit No. 2306 (now exploitation licence No. 393459) provide surface rights and access to the Project and allows any type of mining. The exploitation licence number 393459 covers 16 km2 . Ownership is an 85% and 15% joint venture between Aya subsidiary Zgounder Millenium Silver Mining SA (“ZMSM”) and ONHYM. 1.2 Accessibility, Climate, Local Resources, Infrastructure, and Physiography The Zgounder Mine is accessible from the City of Agadir via well-maintained paved highways N10 and P1706 that run east for 205 km to Taliouine in the Taroudant Province. Most of the remaining 61 km to the Mine are via a paved road to the village of Askaoun. |
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