Promising results for Tinka Resources’ Ayawilca project

Tinka Resources Limited has updated the preliminary economic assessment (PEA) of its Ayawilca project in Peru, revealing significant improvements. With an after-tax net present value of US$434 million and an internal rate of return of 25.9%, the project has robust economic prospects. Improvements include a smaller, more efficient zinc, silver and lead facility, a new tin production facility and lower production costs. These results confirm the potential of Ayawilca to become an operating mine.

The project has a lifespan of 21 years with an average annual production of 200 million pounds of zinc, 3.26 million pounds of tin, and 560,000 ounces of silver. The 49% increase in indicated zinc mineral resources and the first declaration of tin indicated mineral resources demonstrate the significant improvement in the project's potential.

The compact mine plan and the use of tailings filtration technologies minimize environmental impact. Dr. Graham Carman, CEO of Tinka, highlights the significant progress compared to the previous study and the commitment to environmentally friendly operation.

The independent technical report in accordance with NI 43-101 will be filed on SEDAR within 45 days, providing additional information on the PEA update. Tinka also notes the untapped exploration potential that could further enhance the value of the Ayawilca project.