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Deep-South Resources Inc.
Summary
| Project: | Haib Copper Porphyry | |
|---|---|---|
| Deposit: | Haib Copper Porphyry | |
| Location: | Namibia | |
| Commodities: | Copper | |
| Date: | 5/20/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-5-2020: Deep-South Resources Inc. announces a PEA report for its Haib Copper Porphyry deposit at the Haib Copper Porphyry project. Updated PEA results incl. post-tax NPV (7.5%) of US$611 & IRR of 22.7%. Vancouver, B.C., Canada – May 20, 2020 – Deep-Sou | |
| Resources: | (Resource, Ind.): 456.9Mt @ 0.31% Cu at project | |
| CP/QP: | [Overall Report]: Damian Connelly (METS Engineering Group) | |
| ABSTRACT: | Vancouver, B.C., Canada – May 20, 2020 – Deep-South Resources Inc. ("Deep-South" or “the Company") (TSX-V: DSM) today announced that it has received the results of the updated Preliminary Economic Assessment ("PEA") from METS Engineering Group (“METS”) on its Haib Copper Project in Namibia. "We are thrilled with the updated PEA. By going with a heap leach treatment operation, we have been able to demonstrate robust economics to the Haib Copper Project. The past year metallurgical work enabled the project to show a potential low CAPEX and OPEX operation in a challenging copper price environment. With our recent Management nominations, we are well positioned to optimize and advance the project further." said Pierre Léveillé, President & CEO of Deep-South. “The updated PEA has set the scene for us to move towards a very exciting feasibility phase on Haib, with ever improving economics. The application of great technological advances in; geological exploration, mineral processing and extractive metallurgy will most likely see Haib rapidly becoming a global “tier one” copper project, with the right economics for development. | |
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