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Capstone Mining Corp.
Summary
| Project: | Santo Domingo | |
|---|---|---|
| Deposit: | Santo Domingo | |
| Location: | Chile | |
| Commodities: | Copper-Gold-Iron | |
| Date: | 2/19/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Mine Development | |
| Report details: | 19-2-2020: Capstone Mining Corp. announces a PEA report for its Santo Domingo deposit at the Santo Domingo project. Updated PEA results incl. after-tax NPV (8%) of US$1.66B and after-tax IRR of 23.0%. Vancouver, British Columbia - Capstone Mining Corp. (" | |
| Resources: | (Resources, M+I): 537Mt @ 0.30% Cu, 0.039g/t Au, 25.7% Fe, 2.0% S, 229g/t Co | |
| CP/QP: | [Resources]: David W. Rennie (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | Vancouver, British Columbia - Capstone Mining Corp. ("Capstone" or the “Company”) (TSX:CS) releases positive updates on its Santo Domingo copper-iron-gold project ("Santo Domingo" or the "Project") in Region III, Chile. Updates to the Feasibility Study-level Technical Report, published on January 3, 20191 (“2019 Technical Report” or “Base Case”) includes a higher level of CAPEX/OPEX certainty, additional key permits and the development in Section 24 of a Preliminary Economic Assessment with respect to cobalt production (“2020 PEA Opportunity”). The 2020 PEA Opportunity contains pricing updates to the economic model for the Base Case and a potential investment decision for producing battery-grade cobalt sulfate. Santo Domingo is owned 70% by Capstone and 30% by Korea Resources Corporation ("KORES"). “The 2020 PEA Opportunity for cobalt adds significantly to the already robust copper-iron-gold Base Case. We are very excited as it aligns perfectly with our vision for growth in assets that can deliver strong cash flows in all price environments,” said Darren Pylot, President and CEO of Capstone. | |
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