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Focus Ventures Ltd.
Summary
| Project: | Bayovar 12 | |
|---|---|---|
| Deposit: | Bayovar 12 | |
| Location: | Peru | |
| Commodities: | Phosphate | |
| Date: | 5/16/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 16-5-2016: Focus Ventures Ltd. announces a Pre-Feasibility Study report for its Bayovar 12 deposit at the Bayovar 12 project. Updated PFS results incl. post-tax NPV (7.5%) of $458M, IRR of 26.4%, 3.9 year payback, 20 year LOM. In 2015, Focus Ventures Ltd | |
| Resources: | (Reserve, P+P): 58.77Mt @ 12.93% P2O5 (dry Tonnes) | |
| CP/QP: | [Resources]: Jerry DeWolfe (Golder Associates) | |
| ABSTRACT: | In 2015, Focus Ventures Ltd (FCV) commissioned M3 Engineering and Technology Corporation (M3) to prepare a prefeasibility study (PFS) for the Bayovar 12 Phosphate Project (the Project) in Piura Department, Peru. The Project Contains a large, open pittable, soft rock phosphate resource that is areally extensive across Bayovar Concession #12 in NW Peru. The original PFS compiled the results of mineral resource estimates, metallurgical studies, mine engineering, process/plant engineering, engineering of infrastructure, environmental and social studies, development of capital and operating costs, and an indepth financial model. The results were reported in a January 5, 2016 press release and the PFS was published in February 2016. The technical report conformed to Canadian National Instrument 43-101 (NI 43- 101) and summarized the outcomes of an engineering study completed by several authors to Prefeasibility Study (PFS) standards. The results of the original PFS, while not unacceptable by comparative standards, were deemed by FCV to be inadequate to obtain attractive project financing so it undertook a new change in scope focusing on the mine and plant in order to improve the project economics. The mineral resources remained unchanged but a new mine plan was developed to shorten waste rock hauls while making the 13 phosphate beds more accessible. | |
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