Moon River Moly Provides Corporate Update
Moon River Moly (OTCQB:MRIVF) provided updates on its two key assets - the 100%-owned Davidson Molybdenum Project and 25%-owned Endako Mine. The company expects to release Preliminary Economic Assessments (PEAs) for both properties within 90 days.
The Davidson PEA will include new copper and tungsten recovery estimates and ore particle-sorting (OPS) technology implementation. The project envisions an underground mining operation with 7,000 tonnes per day mill throughput using all-electric equipment. At Endako, currently under care and maintenance, the PEA will evaluate a potential restart, incorporating over 50 years of historical data. The company has collected seven tonnes of ore samples for OPS pilot-scale testing, expected to complete in 4-6 months.
Moon River Moly (OTCQB:MRIVF) ha aggiornato sui suoi due asset principali: il Progetto Davidson di molibdeno di proprietà al 100% e la miniera Endako, di cui detiene il 25%. La società prevede di pubblicare le Valutazioni Economiche Preliminari (PEA) per entrambe le proprietà entro 90 giorni.
La PEA di Davidson includerà nuove stime di recupero per rame e tungsteno e l’implementazione della tecnologia di selezione delle particelle del minerale (OPS). Il progetto prevede un’operazione di estrazione sotterranea con un impianto di trattamento da 7.000 tonnellate al giorno e l’utilizzo di attrezzature completamente elettriche. Per Endako, attualmente in stato di cura e manutenzione, la PEA valuterà un possibile riavvio sfruttando oltre 50 anni di dati storici. La società ha raccolto sette tonnellate di campioni di minerale per test pilota OPS, che dovrebbero concludersi entro 4-6 mesi.
Moon River Moly (OTCQB:MRIVF) proporcionó novedades sobre sus dos activos clave: el Proyecto Davidson de molibdeno, 100% propiedad de la compañía, y la mina Endako, con una participación del 25%. La empresa espera publicar las Evaluaciones Económicas Preliminares (PEA) para ambas propiedades en un plazo de 90 días.
La PEA de Davidson incluirá nuevas estimaciones de recuperación de cobre y tungsteno y la implementación de tecnología de clasificación de partículas del mineral (OPS). El proyecto contempla una operación subterránea con una planta de procesamiento de 7.000 toneladas por día y el uso de equipos totalmente eléctricos. En Endako, actualmente en cuidado y mantenimiento, la PEA evaluará un posible reinicio incorporando más de 50 años de datos históricos. La compañía ha recogido siete toneladas de muestras de mineral para pruebas piloto OPS, que se espera finalicen en 4-6 meses.
Moon River Moly (OTCQB:MRIVF)는 100% 보유한 데이비드슨 몰리브덴 프로젝트와 25% 지분의 에нда코 광산 등 핵심 자산 두 건에 대한 업데이트를 발표했습니다. 회사는 양 자산에 대한 예비 경제성 평가(PEA)를 90일 내에 공개할 예정입니다.
데이비드슨 PEA는 구리 및 텅스텐 회수율의 신규 추정치와 광석 입자 선별(OPS) 기술 도입을 포함합니다. 이 프로젝트는 일일 처리량 7,000톤 규모의 지하 채광 및 전기 장비 전면 도입을 구상하고 있습니다. 현재 보존·유지 관리 중인 에ンダ코에 대해서는 50년이 넘는 과거 데이터를 반영해 재가동 가능성을 평가할 예정입니다. 회사는 OPS 파일럿 테스트를 위해 7톤의 광석 시료를 수집했으며, 테스트는 4~6개월 내 완료될 것으로 예상됩니다.
Moon River Moly (OTCQB:MRIVF) a communiqué des mises à jour sur ses deux principaux actifs : le projet de molybdène Davidson, détenu à 100 %, et la mine Endako, détenue à 25 %. La société prévoit de publier des évaluations économiques préliminaires (PEA) pour les deux propriétés dans un délai de 90 jours.
La PEA de Davidson inclura de nouvelles estimations de récupération du cuivre et du tungstène ainsi que la mise en œuvre de la technologie de tri des particules de minerai (OPS). Le projet envisage une exploitation souterraine avec une usine de traitement d’une capacité de 7 000 tonnes par jour utilisant des équipements entièrement électriques. Pour Endako, actuellement en entretien et maintenance, la PEA évaluera un éventuel redémarrage en intégrant plus de 50 ans de données historiques. La société a collecté sept tonnes d’échantillons de minerai pour des tests pilotes OPS, dont l’achèvement est attendu dans 4 à 6 mois.
Moon River Moly (OTCQB:MRIVF) gab Updates zu seinen beiden wichtigsten Vermögenswerten bekannt – dem zu 100% im Besitz befindlichen Davidson-Molybdän-Projekt und der zu 25% gehaltenen Endako-Mine. Das Unternehmen rechnet damit, innerhalb von 90 Tagen Vorläufige Wirtschaftlichkeitsbewertungen (PEAs) für beide Standorte zu veröffentlichen.
Die PEA für Davidson wird neue Schätzungen zur Rückgewinnung von Kupfer und Wolfram sowie die Implementierung der Erzpartikel-Sortierungstechnologie (OPS) enthalten. Das Projekt sieht einen Untertagebau mit einer Aufbereitungsanlage von 7.000 Tonnen pro Tag und den Einsatz voll elektrischer Ausrüstung vor. Für Endako, derzeit in Pflege und Wartung, wird die PEA eine mögliche Wiederinbetriebnahme unter Einbeziehung von über 50 Jahren historischer Daten prüfen. Das Unternehmen hat sieben Tonnen Erzproben für OPS-Pilotversuche entnommen, die voraussichtlich in 4–6 Monaten abgeschlossen sein werden.
- Advanced technical evaluations including metallurgical, engineering, and ore particle-sorting assessments at both assets
- Davidson project plans environmentally-friendly all-electric mining fleet and elimination of conventional tailings pond
- OPS technology expected to improve average milled grade at Davidson
- Collection of 7 tonnes of representative ore samples for pilot-scale testing at Endako
- Endako Mine currently on care and maintenance
- Centerra Gold has not participated in or endorsed the work at Endako despite historical data usage
Toronto, Ontario--(Newsfile Corp. - September 2, 2025) - Moon River Moly Ltd. (TSXV: MOO) (OTCQB: MRIVF) ("Moon River" or the "Company") is pleased to provide an update on recent corporate activities and ongoing technical evaluations at its
Over the past several months, the Company has advanced metallurgical, engineering, and ore particle-sorting (OPS) assessments at both assets. These efforts are expected to culminate in the release of two Preliminary Economic Assessments ("PEAs") within the next 90 days.
At Davidson, the updated PEA will incorporate new estimates for copper and tungsten recoveries, as well as the application of OPS technology. The study will continue to evaluate an underground mining operation utilizing an all-electric mining fleet, electric milling equipment, and cemented paste backfill for the majority of the tailings. This approach is designed to eliminate the need for a conventional tailings pond or wet storage facility. Importantly, OPS is anticipated to improve the average milled grade by rejecting lower-grade material, allowing for an increase in mining rates while maintaining the mill throughput at approximately 7,000 tonnes per day.
At Endako, the forthcoming PEA will examine the potential restart of operations. Engineering work has incorporated over 50 years of historical mine 'production' data, as well as recent technical studies. While Centerra Gold Inc. ("Centerra") has been made aware of the Company's use of this data, it has not participated in or endorsed the work.
Both the Davidson and Endako PEAs are being prepared by A-Z Mining Professionals Ltd. who also authored the Davidson PEA released in April 2024.
In anticipation of positive PEA results at the Endako mine site, and the potential advancement to a Feasibility Study, Moon River has collected seven tonnes of representative ore samples from the site. The majority of this material has been shipped to OPS equipment manufacturers for pilot-scale testing, which is expected to be completed over the next four to six months. It is anticipated that the results of the OPS pilot scale test work will closely reflect the results of the OPS lab scale test work completed, and announced, earlier this year
Moon River looks forward to providing further updates as these key milestones are achieved.
Qualified Person
The scientific and technical content of this news release was reviewed, verified, and approved by Mr. Brian LeBlanc, P. Eng., President of A-Z Mining Professionals Ltd., an Independent Consultant to the Company and a "Qualified Person" ("QP") as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. LeBlanc is the QP responsible for the scientific and technical information contained in this press release.
About Moon River
Moon River is a Canadian-based resource company focused on the acquisition, exploration and development of mineral projects. Moon River is focused on the development of the Davidson Property which hosts a large molybdenum-copper-tungsten deposit and is located near Smithers, British Columbia. The Company also holds
For further information, please contact:
Paul Parisotto, President, Chief Executive Officer and Director, at (416) 800-1753 or info@moonrivermoly.com.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking Statements:
This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "estimates", "believes", "intends", "expects", "plans" and similar expressions, which are intended to identify forward-looking statements.
These forward-looking statements reflect the current views of the Company, represent the expectations of the Company as of the date of this news release, and are based on certain assumptions that the Company has made in respect thereof as at the date of this press release.
Although the Company believes the expectations and material factors and assumptions reflected in these forward-looking statements are reasonable as of the date hereof, there can be no assurance that the further testing on OPS will continue to be positive for suitability and possible grade improvement nor that OPS will be incorporated into future plans, nor that the expected benefits of OPS will prove to be correct. The forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties including risks detailed in the Company's continuous disclosure, which are available on SEDAR+ at www.sedarplus.ca. Accordingly, readers should not place undue reliance on the forward-looking statements contained in this press release.
These risk factors should not be construed as exhaustive. Readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. The forward-looking statements contained in this document speak only as of the date of this document. The Company does not undertake any obligation to publicly update or revise any forward-looking statements or information, except as required by applicable laws. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/264657
FAQ
What are the key updates for Moon River Moly's (MRIVF) Davidson Molybdenum Project?
When will Moon River Moly (MRIVF) release the new PEAs for Davidson and Endako?
What is the current status of Moon River Moly's Endako Mine?
What is the significance of OPS technology for Moon River Moly's projects?
What environmental measures is Moon River Moly implementing at Davidson?
