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AQM Copper Inc.
Summary
| Project: | Zafranal | |
|---|---|---|
| Deposit: | Zafranal | |
| Location: | Peru | |
| Commodities: | Copper-Gold | |
| Date: | 5/24/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 24-5-2016: AQM Copper Inc. announces a Pre-Feasibility Study report for its Zafranal deposit at the Zafranal project. JV - PFS results incl. pre-tax NPV (8%) of US$496M, IRR of 15.9%, 5.1 year payback. AQM Copper Inc. (AQM) is a Canadian and Peruvian-list | |
| Resources: | (Reserve, P+P): 401Mt @ 0.4% Cu, 0.07g/t Au for 3543Mlbs Cu, 891Koz Au contained | |
| CP/QP: | [Resources]: Peter Oshust (Amec Foster Wheeler Plc) | |
| ABSTRACT: | AQM Copper Inc. (AQM) is a Canadian and Peruvian-listed mineral exploration and development company whose principal purpose is the acquisition and development of base metal deposits in South America. The Company was incorporated in British Columbia on 24 March 2005 and commenced trading on the Toronto Venture Stock (TSX-V) Exchange on 29 November 2006 and the Bolsa de Valores de Lima (BVL) on 7 August 2008. Through its Peruvian subsidiary, Minera AQM Copper Peru S.A.C. (MAQM), in which Mitsubishi Materials Corporation (MMC) has acquired a 40% interest, AQM is the operator of the Zafranal Project in southern Peru in a 50:50 joint venture with Teck Resources Limited (Teck), Compañía Minera Zafranal S.A.C. (CMZ). Hence, AQM has an indirect interest of 30% in the Zafranal Project. Under the terms of the Joint Venture Agreement, Teck has the option of becoming the operator of Zafranal at the time a construction decision is made by the joint venture stakeholders or when there has been a change of control in AQM. The Zafranal Project is a greenfield porphyry copper project with this report as the culmination of the Preliminary Feasibility Study (PFS). The proposed Project is to develop a mining and processing operation and all associated infrastructure based on the Zafranal main zone and Victoria deposits. | |
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