Honey Badger Advances Prairie Creek Zinc-Lead-Silver Mine Restart, Targets First Production in Summer 2027

Honey Badger Silver acquired the Prairie Creek project in Canada’s Northwest Territories for C$12 million in April and is targeting an updated preliminary economic assessment in the third quarter, followed by a feasibility study. The company aims for first production in summer 2027 to demonstrate zinc and lead concentrate output from the mill, which has 1,000 t/d of installed capacity and permits for up to 2,400 t/d.

The 2021 PEA projected average annual output over a 20-year mine life of 2.55 million oz. of silver, 122 million lb. of zinc and 101 million lb. of lead. Prairie Creek hosts 9.8 million tonnes of measured and indicated resources grading 9.7% zinc and 8.8% lead. These remain historical PEA and resource figures; the project is still in the economic-study, refurbishment and restart-preparation stage. A proposed 170-km all-season road could begin construction next spring, supported by C$25 million from the National Trade Corridors Fund.