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American CuMo Mining Corp.
Summary
| Project: | CuMo | |
|---|---|---|
| Deposit: | CuMo | |
| Location: | United States | |
| Commodities: | Molybdenum-Copper-Silver | |
| Date: | 4/10/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 10-4-2018: American CuMo Mining Corp. announces a PEA report for its CuMo deposit at the CuMo project. PEA results incl. post-tax NPV of US $5673M (5%), IRR of 25% and 82yr LOM. Vancouver, British Columbia- (Newsfile Corp. - April 10, 2018) - American CuM | |
| Resources: | (Resource, M+I): 2524.2Mt @ 0.053 MoS2, 0.073% Cu, 2.43g/t Ag, 39.0ppm W | |
| CP/QP: | [Overall Report]: Shaun M Dykes, Not stated (Internal; Sacre-Davey Engineering) | |
| ABSTRACT: | Vancouver, British Columbia- (Newsfile Corp. - April 10, 2018) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") is pleased to report on positive results from an independent updated Preliminary Economic Analysis (PEA) of its 100% owned CuMo Project, a large Copper-Molybdenum-Silver-Tungsten-Rhenium deposit located in Boise County, Idaho. The independent, third-party analysis was conducted by Sacré-Davey Engineering of North Vancouver. "CuMo is the largest Molybdenum, Silver, Rhenium and Tungsten deposit in the United States and one of the world's leading mining projects in terms of size, cost, and economics," said Shaun Dykes, President and Chief Executive Officer of CuMoCo. "The updated Preliminary Economic Assessment affirms projections and compels completion of the remaining environmental permitting aspects, pre-feasibility analysis and feasibility initiatives to advance our CuMo Project further. The project design prioritises features which will provide the highest levels of environmental protection, workforce safety, and operating efficiency while minimizing community impacts." The PEA revision provides critical updates to the economic section of the November 2015 summary report by adding the Mineral Sorting benefits to the project. The PEA is a prelude to a Pre-Feasibility Study and allows the Company to independently verify the benefits of Mineral Sorting to the CuMo Project in a relatively short period. The 150,0000 tons per day case was selected for updating. The revisions are illustrated through direct comparison between the two economic report sections. To show the benefits of Mineral Sorting, the price of molybdenum and copper used in the comparison are unchanged from the original report. | |
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