- Base metals explorer and developer Pacifico Minerals has released the pre-feasibility study and ore reserve for the Sorby Hills project
- Then the base metals explorer and developer holds a 75 per cent interest in the project in Western Australia’s Kimberly region
- The study estimates Sorby Hills will also require $183M of expenditure for it to production-ready and that this could paid back in about 1.6 years
- Based on an average production of 50 kilotonnes of lead and 1.5M ounces of silver per annum, Sorby Hills has a 10-year life of mine
- Pacifico will now commence the definitive feasibility study for the project
- Shares have been trading eight per cent lower at 2.3 cents
