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Deep-South Resources Inc.
Summary
| Project: | Haib Copper Porphyry | |
|---|---|---|
| Deposit: | Haib Copper Porphyry | |
| Location: | Namibia | |
| Commodities: | Copper-Molybdenum | |
| Date: | 2/26/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-2-2018: Deep-South Resources Inc. announces a PEA report for its Haib Copper Porphyry deposit at the Haib Copper Porphyry project. PEA returns pre-tax NPV (7.5%) $567.4M, IRR 26.1%, LOM 55yrs. This independent Preliminary Economic Assessment (“PEA”) Re | |
| Resources: | (Resource): 456.9Mt @ 0.31% Cu (Ind.) and 342.4Mt @ 0.29% Cu (Inf.) at Haib | |
| CP/QP: | [Overall Report]: Damian Connelly (Mineral Engineering and Technical Services) | |
| ABSTRACT: | This independent Preliminary Economic Assessment (“PEA”) Report has been prepared at the request of Deep-South Resources Inc (TSXV – DSM) (“DSM or The Issuer”) which is listed on the TSX Venture Exchange (the “Exchange”). DSM has a 100% interest in Deep South Mining Company (Pty) Ltd. a Namibian subsidiary which has a 100% interest in Haib Minerals (Pty) Ltd (“HM”) which in turn holds the exploration rights to the Haib Porphyry Copper property in the Karas Region, southern Namibia. Teck Resources Limited (“Teck”) owns 35% of DSM. HM is the registered holder of Exclusive Prospecting Licence 3140 (“EPL”) over the property. The Haib deposit is a large palaeo-Proterozoic copper porphyry deposit, located in southern Namibia. Access to the Haib project camp-site is via a 10km graded gravel road from the main Cape Town – Windhoek north-south tar road and is accessible to conventional cars. Access from the camp-site to the main deposit area is along some 5km of tracks suitable for four-wheel drive vehicles. The site is very rugged and there is only limited access along numerous bulldozed tracks. The project area borders on both a summer and winter rainfall area, is very arid and in summer the temperature can go as high as the mid 400C, while in winter it can go as low as freezing point. Average annual rainfall is 25-50 mm. | |
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