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Aeon Metals Ltd.
Summary
| Project: | Walford Creek | |
|---|---|---|
| Deposit: | Vardy | |
| Location: | Australia | |
| Commodities: | Copper-Cobalt-Lead-Zinc-Silver | |
| Date: | 2/15/2017 | |
| Report Code: | JORC | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-2-2017: Aeon Metals Ltd. announces a PEA report for its Vardy deposit at the Walford Creek project. PEA results incl. projected LOM of $579M. Aeon Metals Limited (“Aeon” or the “Company”) is pleased to announce results of the Preliminary Econ | |
| Resources: | (Resource, Total): 6.6Mt @ 1.25% Cu, 0.16% Co, 0.74% Pb, 0.76% Zn, 25.6g/t Ag | |
| CP/QP: | [Overall Report]: Dan Johnson (Internal) | |
| ABSTRACT: | Aeon Metals Limited (“Aeon” or the “Company”) is pleased to announce results of the Preliminary Economic Assessment (“PEA”) for a proposed open pit mine and onsite processing of the Vardy Zone at the Walford Creek Project (“Project”) located in north west Queensland. The technical and associated financial outcomes of the PEA are highly encouraging and highlight the potential to expedite the development of the Vardy Zone. Aeon will now proceed with a Vardy Zone Bankable Feasibility Study (“BFS”). The Vardy Zone development is a copper-zinc-cobalt mining project based on a Resource that will allow 6 years of open pit mining of the Vardy Zone at a production rate of 600 ktpa run-of-mine (“ROM”) material. The indicative start date contemplated for the Project is Q1-2019. Material reporting from the open pit will be processed through a conventional mill and hydrometallurgical plant to produce copper, zinc, and cobalt concentrates. Concentrates will be transported by road to Townsville for export to world markets. The Vardy Zone is open along strike to the north-east and extension drilling is planned to commence in Q2- 2017. In addition, drilling to the west and within the current Global Resource will seek to identify additional near surface open pit resources to significantly extend the current projected mine life and/or increase the annual production rate of the Vardy Zone Project. The PEA was compiled in conjunction with AMEC Foster Wheeler, a global consultancy, engineering and project management company focused on the resources industry. The following table details the study contributors to the PEA report. | |
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