(Orvana, 29.Dec.2021) — Orvana Minerals Corp. (TSX: ORV) filed its annual info. For for the year ended 30 September 2021 (the “AIF”) and independent 43-101 report on the Don Mario Tailings Reprocessing Project, Eastern Bolivia. The company also provided a summary of its updated preliminary assessment report for Taguas Project, which will be filed on SEDAR within 45 days from the date hereof. “Fiscal 2021 has proven to be a fantastic value creation year for our shareholders, with a year-on-year 205% increase in resources tonnage, growing from 52 Mt to 159 Mt,” Orvana CEO Juan Gavidia said in the statement. “Our persistent exploration investment is paying off spectacularly this year, allowing us to keep pursuing development of our three assets with a much larger mineral resource base.”
Other Orvana highlights include: in OroValle, Spain the company replenishes reserves depletion, maintains 5-year life of mine, and increases total resources tonnage by 24% to 14,023 kt; in Taguas, Argentina: the company increases its total resources tonnage 246% to 133,626 kt, and updates NI-43-101 PEA to NPV of $57M; and in Don Mario, Bolivia the company adds 9,151 kt to its resources tonnage based on a new NI 43-101 report on its old time tailings.
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