Announcement Date: 2022-11-28
Announcement Type: PEA
Announcement Code: NI43-101
Company name: Rupert Resources Ltd.
Project name: Ikkari
Location: Finland
Commodities: Gold,Copper
Highlight: PEA result incl. Post Tax NPV (5%) of USD $1600M & IRR of 46%
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: November 28, 2022 – Rupert Resources Ltd (“Rupert” or the “Company”) is pleased to announce results from its Preliminary Economic Assessment (“PEA” or “study”) for the Company’s 100% owned Rupert Lapland Project, (“the Project”) including our flagship Ikkari gold discovery and Pahtavaara mine and mill located in Northern Finland. hydrological studies), Grinding Solutions Ltd (metallurgy), Paterson & Cook (tailings) and Envineer Oy (environmental studies). The Mineral Resource estimate included in the PEA is reported according to the classification criteria set out in the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards for Mineral Resources and Reserves (“CIM Definition Standards”). These standards are internationally recognized and allow the reader to compare the Mineral Resource with that reported for similar projects. The results of the PEA will be set forth in an independent technical report prepared in accordance with National Instrument
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