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Ero Copper Corp.
Summary
| Project: | MCSA Mining Complex | |
|---|---|---|
| Deposit: | Vale do Curaca | |
| Location: | Brazil | |
| Commodities: | Copper | |
| Date: | 9/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 5-9-2018: Ero Copper Corp. announces a Resource Estimation report for its Vale do Curaca deposit at the MCSA Mining Complex project. Updated mineral resource and ore reserve at Vale do Curaca. Vancouver, British Columbia – Ero Copper Corp. (the “Company”) | |
| Resources: | (Reserve, P+P): 18.437Mt @ 1.86% Cu for 342Kt Cu contained at Vale do Curaca | |
| CP/QP: | [Resources]: Porfirio Rodriguez (GE21 Consultoria Mineral Ltd.) | |
| ABSTRACT: | Vancouver, British Columbia – Ero Copper Corp. (the “Company”) (TSX: ERO) is pleased to announce the release of its 2018 updated mineral reserve and resource estimate along with updated production, capital and operating cost projections for its 99.6% owned Vale do Curaçá Property located in Bahia State, Brazil. Highlights of the 2018 mineral reserve and resource estimate include: • A 108% increase in Proven and Probable mineral reserves to over 18 million tonnes (with a 55% increase in contained copper) compared to the Proven and Probable mineral reserves set out in the 2017 Technical Report (as defined below), using the same copper price and foreign exchange assumptions of $2.75/lb and USD:BRL of 3.20, respectively; • A 107% increase in Measured and Indicated mineral resources to over 42 million tonnes (with a 57% increase in contained copper), inclusive of mineral reserves, as compared to the Measured and Indicated mineral resources set out in the 2017 Technical Report at the same geological cut-off grades; • An updated production plan increasing the life of the mine by adding approximately 124,000 tonnes of copper production as compared to the life of mine production plan set out in the 2017 Technical Report; and • The updated plan will produce, on average, approximately 41,000 tonnes of copper in concentrate over the first five years at an average C1 cash cost of $0.94/lb. | |
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