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Copper Mountain Mining Corp.
Summary
| Project: | Copper Mountain Mine | |
|---|---|---|
| Deposit: | New Ingerbelle | |
| Location: | Canada | |
| Commodities: | Copper-Silver-Gold | |
| Date: | 9/27/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-9-2018: Copper Mountain Mining Corp. announces a PEA report for its New Ingerbelle deposit at the Copper Mountain Mine project. PEA results incl. post-tax NPV of US $394M (8%), IRR of 65%, 12yr LOM at the project. Vancouver, B.C., September 27, 2018 – | |
| Resources: | (Resource, M+I): 151.278Mt @ 0.29% Cu, 0.57g/t Au, 0.18g/t Au | |
| CP/QP: | [Overall Report]: Stuart Collins, Peter Holbek (Independent;Internal) | |
| ABSTRACT: | Vancouver, B.C., September 27, 2018 – Copper Mountain Mining Corporation (“Copper Mountain” or the “Company) is pleased to announce that it has completed a Base Case Preliminary Economic Assessment (“PEA”) on its 75% owned New Ingerbelle property (“New Ingerbelle” or “the Project”), which is located one kilometer from the Company’s flagship operation, the Copper Mountain Mine, in southern British Columbia. (Please see Appendix A for New Ingerbelle location map). All dollars are in U.S. dollars unless otherwise indicated. PEA Highlights New Ingerbelle is expected to have total production of 768 million pounds of copper and 550,300 ounces of gold over its mine life, based on Measured and Indicated Resources only. The production plan assumes the use of Copper Mountain mine’s existing mine equipment fleet and mill. Highlights from the New Ingerbelle PEA are summarized below. “New Ingerbelle represents a low capital, low risk, high quality development project in a world-class mining jurisdiction,” said Gil Clausen, Copper Mountain’s President and CEO. “Our next steps include evaluating various operational alternatives to test against this Base Case, which assumes supplanting Copper Mountain Mine production. We will study incorporating New Ingerbelle into the Copper Mountain mine plan using the existing mill and study expanding the mill at Copper Mountain to increase the combined annual production. New Ingerbelle should give us tremendous flexibility as we execute our low risk growth strategy. This PEA demonstrates just how much potential value this project holds.” | |
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