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Avanco Resources Ltd.
Summary
| Project: | Pedra Branca | |
|---|---|---|
| Deposit: | Pedra Branca East | |
| Location: | Brazil | |
| Commodities: | Copper-Gold | |
| Date: | 5/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 26-5-2017: Avanco Resources Ltd. announces a Pre-Feasibility Study report for its Pedra Branca East deposit at the Pedra Branca project. Pedra Blanca East PFS results incl. NPV of $200M, 34% IRR. Avanco is pleased to announce conclusive and positive resul | |
| Resources: | (Resource, M+I): 7.70Mt @ 2.8% Cu, 0.7g/t Au at Pedra Blanca East | |
| CP/QP: | [Overall Report]: Karl Van Olden (CSA Global Pty Ltd.) | |
| ABSTRACT: | Avanco is pleased to announce conclusive and positive results from the Pedra Branca East Pre-Feasibility Study, facilitating the immediate start of a Definitive Feasibility Study to advance the Project. Pedra Branca East will add 24,000 tonnes of annual copper production, with the option for a further 10,000 tonnes from Pedra Branca West. With 14,000 tonnes of annual production already being forecast from the operating Antas Mine, this will help Avanco realise it’s ambition of becoming the next mid-tier copper producer. Commenting on the study, Tony Polglase, Managing Director of Avanco said: “Pedra Branca is the company’s second and larger project. The Pedra Branca East Pre-Feasibility Study has returned positive results, providing the confidence to advance immediately to a definitive feasibility study. Our vision is clear, to be the next-mid-tier copper company, and the development of Pedra Branca will get us there. I am encouraged by the results and look forward to advancing the project.” | |
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