For thousands of other reports visit RSC's Mineral Intellingence Map
Copper Mountain Mining Corp.
Summary
| Project: | Eva | |
|---|---|---|
| Deposit: | Eva | |
| Location: | Australia | |
| Commodities: | Copper-Gold | |
| Date: | 10/1/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 1-10-2018: Copper Mountain Mining Corp. announces a Feasibility Study report for its Eva deposit at the Eva project. Feasibility Study results incl. post-tax NPV of US $256M (8%), IRR of 28%, 12yr LOM at the project. Mountain” or the “Company) is pleased | |
| Resources: | (Reserve, P+P): 117Mt @ 0.40% Cu, 0.07g/t Au | |
| CP/QP: | [Resources]: Peter Holbek (Independent) | |
| ABSTRACT: | Mountain” or the “Company) is pleased to announce positive results from its Feasibility Study (“Feasibility Study”) on its 100% owned Eva Copper Project (“Eva” or “the Project”), which is located in Queensland, Australia. Feasibility Study Highlights Highlights from the Eva Feasibility Study are summarized below. All costs and values use bank consensus metal prices with long-term metal prices of $3.08 per pound of copper and $1,310 per ounce of gold. The Australian Dollar to U.S. Dollar exchange rates used for years 1 to 3 are 1.40:1 (spot), 1.38:1 and 1.36:1, followed by 1.35:1 long term. All dollars are in U.S. dollars unless otherwise indicated. Clausen, Copper Mountain’s President and CEO. “Eva has the potential to add significant cashflow to our operating base, at one of the lowest capital intensities for near-term greenfield projects anywhere, in the best mining jurisdiction in the world.” Mr. Clausen added, “Our intention is to finance the capital spend in a non-dilutive manner through restructuring our current debt and internal cash flow. We are currently in advanced discussions on debt options and are evaluating the best alternative for shareholders. Until we have a definitive full funding solution in place, which we expect in the coming months, we will not commence construction nor incur large project costs. Our objective is to provide low risk, high value development options to our shareholders and we will be conservative in financing our growth plans. The organic growth pipeline at Copper Mountain is impressive, and we believe it will be largely financed internally.” Mr. Clausen continued, “In addition, this Feasibility Study assumes no benefit from resources in the oxide cap which are treated as waste material. The Company believes that the oxide copper at Eva may be recoverable economically based on preliminary leaching testwork. A metallurgical testwork program is currently underway and we expect to complete our evaluation in early 2019.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report