09:58 AM EST - Minera IRL Limited : announced the results of a Definitive Feasibility Study on its Ollachea Project, Peru. The Project is 100% owned by Minera IRL SA subsidiary Minera Kuri Kullu SA. Highlights: Project Economic Indicators: Using a gold price of $1,300 per ounce, NPV @ 7% real of $264 million (pre-tax) and $155 million (post-tax); and IRR of 29.2% (pre-tax) and 22.1% (post tax). Up-front capital cost estimate of $177.5 million. Life-of-mine cash operating cost of $499 per ounce. Minera IRL Limited
shares T.IRL are trading unchanged at $0.91.
