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First Quantum Minerals Ltd.
Summary
| Project: | Trident | |
|---|---|---|
| Deposit: | Sentinel, Enterprise | |
| Location: | Zambia | |
| Commodities: | Copper-Nickel | |
| Date: | 3/30/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 30-3-2020: First Quantum Minerals Ltd. announces a Resource Estimation report for its Sentinel, Enterprise deposit at the Trident project. Updated mineral resource estimation. This Technical Report on the Trident Project (the property) has been prepared b | |
| Resources: | (Reserves, P+P): 876.8Mt @ 0.46% Tcu (Sentinel) & 34.7Mt @ 0.99% Ni (Enterprise) | |
| CP/QP: | [Resources]: David Gray (Internal) | |
| ABSTRACT: | This Technical Report on the Trident Project (the property) has been prepared by Qualified Persons David Gray, Michael Lawlor and Andrew Briggs of First Quantum Minerals Pty Ltd (FQM, the issuer or the Company). This Technical Report prepared by FQM as an issuer, follows a previous report filed in May 2015 (FQM, May 2015) in respect of the two then current development projects at Trident, namely Sentinel and Enterprise. Development and construction activities for the processing plant (ie, designed to process cupriferous ore from Sentinel and nickeliferous ore from Enterprise) had commenced in the second half of 2012. Construction of the copper processing circuit was substantially completed in late 2014, with commissioning under way in the first half of 2015. Beyond the commissioning period, the eventual rate of annual ore processing was intended to reach 55 Mtpa. 62 Mtpa processing is now proposed, commencing from 2022, and with the increased concentrate production to be sold into the Zambian Copperbelt and also supplementing the feed into a proposed contemporary expansion of smelting capacity at the Company’s Kansanshi operation. | |
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