Rockcliff Announces PEA Results Demonstrating a Robust Low-Capital Project with Highly Attractive Economics

Highlights of the PEA:

• After tax NPV8 of $127.6 million and an IRR of 67%
• Initial capital of $81.0 million
• Near term production possible with a 16-month construction period
• Initial capital paid back within 12 months of Commercial Production
• 9.5 year life of mine, with opportunities for mine life expansion