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American CuMo Mining Corp.

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Summary

Project:

CuMo

Deposit:CuMo
Location:United States
Commodities:Molybdenum-Copper-Silver
Date:11/27/2019
Report Code:NI43-101
Report Type:PEA
Project Stage:Pursuing Resource Increase/Upgrade
Report details:27-11-2019: American CuMo Mining Corp. announces a PEA report for its CuMo deposit at the CuMo project. Updated PEA results incl. post-tax NPV (8%) of $575M, IRR of 10%. American CuMo Mining Corp. (CuMoCo; TSX-V:MLY) retained SRK Consulting (Canada) Inc.
Resources:
CP/QP:[Resources]: Gary Giroux (Giroux Consultants Ltd.)
ABSTRACT:American CuMo Mining Corp. (CuMoCo; TSX-V:MLY) retained SRK Consulting (Canada) Inc. to conduct a preliminary economic assessment (PEA) on the CuMo project in Boise County, Idaho, USA, and to present its outcomes in this National Instrument (NI) 43-101 independent technical report. Other contributors to the PEA and report are Sacré-Davey Engineering and Giroux Consultants Ltd. SRK based the PEA on the resource model generated by qualified person (QP), Gary Giroux, and reported on in 2015 (Giroux et al, 2015). SRK and Sacré-Davey both based certain aspects of their scope (infrastructure and mineral processing respectively) on an earlier PEA conducted by Ausenco Canada (Ausenco) on the CuMo project (Ausenco, 2009). Original work by SRK includes the evaluation of bulk sorting, generation of mine designs, schedules and costing, selection and evaluation of a tailings management strategy, and updating the economic analysis. Original work by Sacré-Davey included evaluation of particle sorting.

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