Apollo Silver Launches Economic Study for Major U.S. Silver Project
Event summary
- Apollo Silver has engaged SLR Consulting to conduct a Preliminary Economic Assessment (PEA) for its Calico Silver Project in California.
- The project hosts 125 million ounces of silver in Measured and Indicated resources, and 58 million ounces in Inferred resources.
- Additional technical support includes metallurgical and geotechnical programs to refine the project's development path.
- A high-resolution airborne magnetic and radiometric survey covering 632-line km has been completed to support future exploration.
The big picture
Apollo Silver's initiation of a PEA for the Calico Project marks a critical step in advancing one of the largest undeveloped primary silver deposits in the United States. The project's significant silver resources, combined with critical minerals like barite and zinc, position it as a strategic asset in the context of domestic supply chain needs. The company's parallel technical programs and exploration activities underscore its commitment to refining the project's development path amid evolving market dynamics for critical minerals.
What we're watching
- Project Viability
- Whether the PEA will demonstrate the technical and economic feasibility of developing the Calico Project into a producing mine.
- Exploration Potential
- The pace at which new exploration targets are identified and drilled based on the recent geophysical survey results.
- Market Dynamics
- How the project's critical mineral resources, including barite and zinc, will factor into its overall valuation and development strategy.
Related topics