Emerita Resources Collaborates with SLR Consulting
Emerita Resources Corp. (TSX-V: EMO; Other OTC: EMOTF; Frankfurt: LLJA) has made a significant stride in its project development by awarding SLR Consulting Limited the contract to conduct a Pre-Feasibility Study (PFS) for the Iberian Belt West (IBW) Project. This collaboration marks a vital step toward a comprehensive evaluation of the project, with the PFS set to adhere to NI 43-101 standards, ensuring its credibility and thoroughness.
The Selection Process Behind SLR Consulting
The decision to engage SLR Consulting followed a meticulous selection process, where twenty-three firms were initially considered. After careful evaluation, five finalists were shortlisted, and SLR emerged as the most suitable partner, thanks to its experience with the IBW Project and other regional initiatives. The firm's expertise is expected to add significant value to the PFS, which is anticipated to take about six months to complete.
Insights From Leadership
David Gower, the CEO of Emerita, expressed enthusiasm about this new phase for the IBW project. He highlighted the team's progress in expanding mineral resources at IBW’s El Cura deposit. Infill drilling has been completed, allowing Emerita to upgrade Inferred Resources to the Indicated and Measured categories, paving the way for a more detailed PFS.
Key Components of the Pre-Feasibility Study
The PFS will encompass several critical elements crucial for the project's viability and will include:
- Mine-to-mill design
- Process plant and process flowsheet design
- Surface infrastructure planning
- Capital and operating cost considerations
- Comprehensive financial analysis
Understanding Qualified Persons
In line with industry standards, the scientific and technical content of this announcement has been reviewed by qualified professionals anew. Joaquin Merino and Dan Oosterman, both certified as Qualified Persons (QP) under NI 43-101 standards, will ensure the study is conducted at a high level of integrity. Their current roles within the company, with Mr. Merino serving as President and Mr. Oosterman as Project Director, underscore their capacity to guide this project effectively.
About Emerita Resources Corp.
Emerita Resources is dedicated to the exploration and development of mineral properties, primarily focusing on Spain. With a corporate office and technical team located in Sevilla, Spain, and an administrative office in Toronto, Canada, Emerita is well-positioned to leverage its resources for strategic growth.
Connecting for More Information
For inquiries regarding Emerita's progress and initiatives, Ian Parkinson can be contacted at +1 647 910-2500. Email communications can be sent to info@emeritaresources.com, and more information can be found on the company's website at www.emeritaresources.com.
Frequently Asked Questions
What is the Iberian Belt West Project?
The Iberian Belt West Project is an initiative by Emerita Resources aimed at exploring and developing mineral resources in Spain.
Who is conducting the Pre-Feasibility Study?
SLR Consulting Limited has been contracted to complete the Pre-Feasibility Study for the IBW Project.
What is the timeline for the PFS completion?
The Pre-Feasibility Study is expected to be completed within approximately six months.
What are the key elements of the PFS?
The PFS will include mine design, process plant design, infrastructure planning, and financial analysis, among others.
Who are the Qualified Persons involved in the study?
Joaquin Merino and Dan Oosterman are the Qualified Persons responsible for overseeing the scientific and technical information in the project.
