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Ero Copper Corp.
Summary
| Project: | Boa Esperanca | |
|---|---|---|
| Deposit: | Boa Esperanca | |
| Location: | Brazil | |
| Commodities: | Copper | |
| Date: | 9/8/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 8-9-2017: Ero Copper Corp. announces a Feasibility Study report for its Boa Esperanca deposit at the Boa Esperanca project. Feasibilty study results incl. Post Tax NPV (8%) of $195M, IRR of 32.7%. SRK Consultores do Brasil LTDA. (SRK) was commissioned by | |
| Resources: | (Reserve, P+P): 6.06Mt @ 0.95% Cu for 186.7kt Cu contained at project | |
| CP/QP: | [Resources]: Carlos Barbosa (SRK Consulting) | |
| ABSTRACT: | SRK Consultores do Brasil LTDA. (SRK) was commissioned by Ero Copper Corp (Ero) to prepare a National Instrument 43-101 (NI 43-101) compliant Feasibility Study (FS) for the Boa Esperança Deposit (Boa Esperança or the Project) as part of the Boa Esperança Project located in Pará, Brazil. The Project was acquired by Mineraҫão Caraíba S.A. (MCSA) from Corporacion Nacional Del Cobre (Codelco) in 2007 and is now 100% owned by MCSA. In December 2016, Ero Copper Corp. acquired approximately 85.0% interest in MCSA. In June 2017, Ero acquired an additional 14.5% by subscribing for shares from treasury for a total interest in MCSA of approximately 99.5%. This Technical Report is an update of a prior 2015 report prepared by SRK. The original 2015 report has been updated based on work performed throughout various studies developed for the Project by third-party technical and engineering firms throughout the course of the Project’s ownership under MCSA. SRK has reviewed the contents and, where relevant, has accepted and/or modified the conclusions therein based on the judgment of the authors and the recommendations therein. There has been no new material scientific or technical information about the property since the publication of these reports. It is the opinion of the authors of this Technical Report that the information contained in such reports has been appropriately reviewed and are current for the purposes of NI 43-101. A full list of references relevant to the Project is listed in Chapter 27 – References. | |
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