Investigator Resources selects 1.5Mt throughput for Paris silver project

• Investigator Resources highlights optimised throughput as part of DFS for Paris silver project
• Company confident of a clear path to construction
• Updated DFS outcomes will be reported in the near-term

Special Report: Definitive feasibility study financing tests for Investigator Resources’ Paris silver project highlight the likelihood of 1.5Mtpa throughput.

The 24Mt project is a shallow high-grade silver deposit amenable to open pit mining, providing exposure to the precious metal as prices head towards the US$50/oz mark.

The objective of ongoing studies is to ensure the DFS delivers a finance-ready outcome – one that meets the expectations of potential lenders and investors and supports a clear path to project construction.

Investigator Resources (ASX:IVR) said that the study demonstrated that throughput scenarios between 1.25 and 1.75 Mtpa produced strong, fundable outcomes under stress conditions.

Investigator selected 1.5 Mtpa throughput because it was the most balanced configuration, combining strong project economics, capital efficiency and funding resilience.

In addition, the process design Criteria (PDC) has been updated following throughput optimisation, processing review, selection of wet Tailings Storage Facility (TSF), and value-engineering initiatives.

The decision to adopt a wet TSF in particular represents a step-change for Paris, simplifying the flowsheet and lowering both capital and operating costs.

A wet TSF removes the need for filtration and extensive tailings re-handle, reduces power demand, and allows a smaller detox circuit.

Design refinements a boon for production plans

All of these design refinements simplify construction, lower capital intensity, and align with the project’s accelerated permitting pathway.

Investigator is now finalising the processing flow sheet and advancing into detailed engineering as part of the DFS.

“Having defined a scale that is capital-efficient, financeable, and construction-ready, our focus now is on developing a project that can be funded and built,” MD Lachlan Wallace said.

“Coupled with the permitting work now underway in parallel, this approach keeps us firmly on the path to accelerate first silver pour.

“Many companies would wait until a feasibility study is finalised before releasing update results of this nature to avoid needing to adjust or backtrack, particularly in a market where metal prices are moving rapidly and inevitably affect project inputs.

“My view is different: as owners of the project, shareholders deserve to see the project evolve in real time.

“If that means making future adjustments in response to changing inputs, I’ll do so openly and explain why.

“Shareholders can therefore expect further updates as the DFS progresses and additional work streams are completed.

This article was developed in collaboration with Investigator Resources, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.