Nexa Resources has announced plans to develop its Hilarión project in Peru to extract and produce zinc, silver, and lead.
The average annual production from the project is estimated at 115,000mt zinc, 2.6mn oz silver, and 20,000mt lead, which together represents around 150,000mt of zinc equivalent.
The project’is estimated to produce 10,000mt of ore per day over the next 16 years, Nexa said in a statement, without disclosing the investment.
In 2020, the company plans to execute 6,000 meters of drilling targeting the extension of the Hilarión mineralization trend to the northeast towards its Mia and Eureka mining deposits.
The Hilarión project has one of the largest estimated mineral resources among undeveloped zinc projects in Latin America, Nexa indicated, while announcing the results of a preliminary economic assessment (PEA) to develop the mining project.
According to the PEA, the measured and indicated resources of the mine contain 2.1mn mt of zinc.
The Hilarión mining project, which is located in the Department of Ancash, around 230kms north of Lima, is 100pc owned by Nexa Peru, an 80pc owned subsidiary of Nexa Resources.