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American CuMo Mining Corp.
Summary
| Project: | CuMo | |
|---|---|---|
| Deposit: | CuMo | |
| Location: | United States | |
| Commodities: | Copper-Molybdenum-Rhenium-Silver | |
| Date: | 6/2/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-6-2020: American CuMo Mining Corp. announces a PEA report for its CuMo deposit at the CuMo project. PEA results incl. post-tax NPV (8%) of US$356M & IRR of 9%. Vancouver, British Columbia--(Newsfile Corp. - June 2, 2020) - American CuMo Mining Corporati | |
| Resources: | ||
| CP/QP: | [Overall Report]: Shaun M. Dykes (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - June 2, 2020) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") is pleased to report on positive results from an independent Preliminary Economic Assessment (PEA) of its 100% owned CuMo Project, a large Copper-Molybdenum-Silver- Rhenium deposit located in Boise County, Idaho. The independent, third-party analysis was conducted by SRK Consulting (Canada) Inc., Sacré-Davey Engineering and Giroux Consulting. "The CuMo Project is the largest Molybdenum, Silver, and Rhenium deposit in the United States and one of the world's leading mining projects in terms of its size, cost, and potential 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 further advance our CuMo Project. The project design prioritises features that will provide the highest levels of environmental protection, workforce safety, and operating efficiency, while minimizing negative impacts on the community." | |
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