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Ero Copper Corp.
Summary
| Project: | MCSA Mining Complex | |
|---|---|---|
| Deposit: | Curaca Valley | |
| Location: | Brazil | |
| Commodities: | Copper | |
| Date: | 10/10/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 10-10-2019: Ero Copper Corp. announces a Resource Estimation report for its Curaca Valley deposit at the MCSA Mining Complex project. Updated mineral resources and ore reserves at project. Vancouver, British Columbia – Ero Copper Corp. (the “Company”) (TS | |
| Resources: | ||
| CP/QP: | [Resources]: Sr. Porfirio Cabaleiro Rodriguez (GE21 Consultoria Mineral) | |
| ABSTRACT: | Vancouver, British Columbia – Ero Copper Corp. (the “Company”) (TSX: ERO) is pleased to announce the release of its 2019 updated National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) compliant mineral reserve and resource estimate along with updated life of mine (“LOM”) production, capital and operating cost projections for a flexible and phased plan to return the Caraíba Mill to its original design capacity of 5.5 million tonnes per annum on its 99.6% owned Vale do Curaçá Property (herein referred to as the “Curaçá Valley”) located in Bahia State, Brazil. Commenting on the update, David Strang, President and CEO stated, “We are very pleased with the 2019 updated mineral resource and reserve estimate. Since acquiring the operations in the Curaçá Valley in 2016, we have continued to significantly grow mineral resources and reserves annually. Including mine depletion, we have added over 500,000 tonnes of contained copper to our measured and indicated resource base since 2017. In addition, our updated LOM plan continues to increase the copper production profile over the prior year. In 2018, we set out a plan to produce approximately 40,000 tonnes of copper annually for the following six years and in 2019, that plan has increased to approximately 50,000 tonnes of copper. As we look to the future, and to support our continued growth, our exploration focus is moving towards delineating new, higher grade mineral resources and reserves away from our existing operations and portfolio of inherited projects. In order to support this strategy, we will be taking a phased approach to investing capital in the Caraíba Mill to systematically return it to its original design capacity of 5.5 million tonnes per annum, per prevailing copper prices and continued exploration success. At the same time, we are evaluating the opportunity afforded by ore sorting, which has the potential to increase mill head grades at reduced mill throughput given the heterogenous nature of our deposits. This is a very exciting, but busy, time for Ero Copper as our focus changes from mainly in- and near-mine growth towards growth from discovery of new mineral resources in the Curaçá Valley, such as Siriema, and with the additional value enhancing opportunities such as the phased expansion of the mill and ore sorting. In summary, we have increased the number of options available to continue to execute on our core objective of generating strong absolute returns on invested capital for our shareholders in an uncertain macroeconomic environment.” | |
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