TIDMHOC
RNS Number : 0416L
Hochschild Mining PLC
08 September 2021
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8 September 2021
Capital Markets presentation
A unique opportunity to support the electric revolution
Hochschild Mining PLC ("Hochschild" or "the Company") (LSE: HOC)
(OTCQX: HCHDF) is to hold a remote Capital Markets event
presentation for analysts and investors at 14:30 today (UK time) on
its rare earths project. A replay of the presentation will be
published on the Hochschild website at
http://www.hochschildmining.com/en/home following the event.
Key highlights of the presentation:
-- A unique, high value, sustainable Ionic Clay rare earth
project in Chile
-- Offers critical supply of higher value heavy rare earths
outside China
-- Ideally placed to meet exponential rare earth demand
underpinning the electric revolution
-- Simple strategy of starting with a minimum viable product,
then targeting optimization, growth and integration
-- A multi-module growth strategy with module one delivering
high returns:
o NPV of approximately $152-177 million
o Life-of-mine: 11 years
o Low project capital expenditure of approximately $119
million
o Average annual EBITDA of approximately $50m ([1])
-- Name changed to Aclara (formerly known as Biolantanidos)
Ignacio Bustamante, Chief Executive Officer said:
"We acquired 100% of Aclara in October 2019 and have applied
Hochschild's operational expertise and distinctive culture to move
the project forward. In taking on the project, we have dealt with
new minerals and a value chain dynamic that is totally different
from precious metals and relatively unknown to the western world.
It is a challenge we have embraced and one which has enriched our
organization still further. I am confident that the combination of
our de-risking process together with strong fundamentals underlying
our investment thesis and the significant recent increase in rare
earth prices will deliver a very exciting future for this
business."
________________________________________________________________________________________
A webcast and Q&A will be held at 2.30pm (London time) on
Wednesday 8 September 2021 for analysts and investors.
For a live webcast of the presentation please click on the link
below:
https://webcasting.brrmedia.co.uk/broadcast/610c0616aca4de6d4c01f0d0
Conference call dial in details:
UK: +44 (0)330 336 9126
UK Toll Free: 0800 358 6377
US/Canada Toll Free: 800-263-0877
Pin: 3080830
_____________________________________________________________________________________
Enquiries:
Hochschild Mining PLC
Charles Gordon +44 (0)20 3709 3264
Head of Investor Relations
Hudson Sandler
Charlie Jack
+44 (0)207 796 4133
Public Relations
_____________________________________________________________________________________
About Hochschild Mining PLC
Hochschild Mining PLC is a leading precious metals company
listed on the London Stock Exchange (HOCM.L / HOC LN) and
crosstrades on the OTCQX Best Market in the U.S. (HCHDF), with a
primary focus on the exploration, mining, processing and sale of
silver and gold. Hochschild has over fifty years' experience in the
mining of precious metal epithermal vein deposits and currently
operates three underground epithermal vein mines, two located in
southern Peru and one in southern Argentina. Hochschild also has
numerous long-term projects throughout the Americas.
_____________________________________________________________________________________
Forward looking statements
This announcement may contain forward looking statements. By
their nature, forward looking statements involve risks and
uncertainties because they relate to events and depend on
circumstances that will or may occur in the future. Actual results,
performance or achievements of Hochschild Mining PLC may, for
various reasons, be materially different from any future results,
performance or achievements expressed or implied by such forward
looking statements.
The forward looking statements reflect knowledge and information
available at the date of preparation of this announcement. Except
as required by the Listing Rules and applicable law, the Board of
Hochschild Mining PLC does not undertake any obligation to update
or change any forward looking statements to reflect events
occurring after the date of this announcement. Nothing in this
announcement should be construed as a profit forecast.
Note
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (Regulation (EU) No.596/2014). Upon the
publication of this announcement via a Regulatory Information
Service, this inside information is now considered to be in the
public domain.
LEI: 549300JK10TVQ3CCJQ89
- ends -
[1] Excludes ramp-up phase
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