Tinka Resources Ltd. Reports on Ayawilca Project's Promising Economic Assessment

Tinka Resources Limited announced the filing of an updated technical report for the Ayawilca Polymetallic Project in Peru, confirming robust economic projections from a preliminary assessment. Authored by Dr. Graham Carman, President and CEO, the report emphasizes the project's potential with a mix of critical metals including zinc, tin, silver, and lead. The project anticipates a significant annual metal production, contributing substantially to its economic potential. Moreover, the assessment predicts an after-tax net present value of US$434 million and an internal rate of return of 25.9%.

The updated preliminary economic assessment (PEA) outlines a 21-year life span for the mine with improved operational efficiencies and a stronger resource confidence level. The project also highlights environmental advancements by utilizing filtered tailings technology. Located near key infrastructure, the prospect of the Ayawilca project paints a promising picture of its developmental and operational phases.

This independent report, prepared primarily by SRK Consulting, reiterates the project's strategic importance in supplying essential metals. Despite the optimistic forecast, the report cautions about the preliminary nature of the PEA and the speculative status of inferred resources. As such, further exploration and validation would be pivotal.