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Central Asia Metals Plc
Summary
| Project: | Copper Bay | |
|---|---|---|
| Deposit: | Copper Bay Tailings | |
| Location: | Chile | |
| Commodities: | Copper | |
| Date: | 1/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-1-2017: Central Asia Metals Plc announces a Feasibility Study report for its Copper Bay Tailings deposit at the Copper Bay project. DFS results incl. post-tax NPV (8%) of $34.1M, IRR of 19.1%. Central Asia Metals plc (AIM: CAML) today announces the res | |
| Resources: | (Resource, Total): 53.44Mt @ 0.24% Cu for 125820t Cu contained at project | |
| CP/QP: | [Resources]: Brian Gregory Fitzpatrick (Cube Consulting Pty Ltd.) | |
| ABSTRACT: | Central Asia Metals plc (AIM: CAML) today announces the results of the definitive feasibility study (DFS) for its 75% owned Copper Bay tailings project in Chile. Following the completion of the pre-feasibility study (PFS) in 2015, CAML made the decision to undertake a DFS on its 75% owned Copper Bay tailings project in the Atacama Region of northern Chile. Copper Bay Limited effectively holds the exploitation licence comprising 15.25km2. The project is a site of historic tailings disposal on the beach at Chañaral Bay. This resulted from the Potrerillos and El Salvador copper mines releasing tailings residues from their respective mineral processing operations into the Rio Salado, which outflows into Chañaral Bay. Between 1938 and 1975, it is believed that some 250 million tonnes of tailings were discharged and now sit in the beach, surf and bay zones. The DFS utilises a dredging operation to recover the copper tailings, a solvent extraction and electro- winning (SX-EW) plant to produce copper cathode and a flotation circuit to produce a copper in concentrate product that could be marketed to nearby smelters. | |
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