Talon unveils results of initial PEA for Tamarack

TSX-listed Talon Metals has announced the results of the initial preliminary economic assessment (PEA) that it used as a basis for negotiating the right to acquire up a 60% interest in the Minnesota-based Tamarack project from Rio Tinto.

The initial PEA focuses on the Tamarack North project and illustrates a high after-tax internal rate of return (IRR), low C1 cash costs, low capital intensity and a quick payback.