Mineral & Financial Investments Ltd's (LON:MAFL) chairman Jacques Vaillancourt updates Proactive London on the PEA ( preliminary economic assessment ) which has been published on the Lagoa Salgada project in Portugal.
The study suggests an initial capital expenditure of US$162.7mln could develop a mine in the North Zone of Lagoa Salgada, with a nine-year life at 2,700 tons per day.