07:23 AM EDT, 10/30/2024 (MT Newswires) -- O3 Mining ( OIIIF ) on Wednesday said it will be completing a preliminary economic assessment (PEA) on its Marban Alliance project in Quebec.

The company has engaged G Mining Services as the lead consultant for the PEA. Results from the PEA are expected to be available in the fourth quarter.

In a statement it said the results are expected to highlight the advancements made on the project since the effective date of the current pre-feasibility study of Aug. 24, 2022, and provide updated guidance for use in a feasibility study on the project expected to commence in early 2025.

O3 Mining ( OIIIF ) also expects the environmental baseline studies to be completed in the first quarter of 2025 following field work gathered over three years.

Impact studies are scheduled to begin in the second quarter of 2025.