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Los Andes Copper Ltd.
Summary
| Project: | Vizcachitas | |
|---|---|---|
| Deposit: | Vizcachitas | |
| Location: | Chile | |
| Commodities: | Copper-Molybdenum-Silver | |
| Date: | 6/5/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-6-2019: Los Andes Copper Ltd. announces a PEA report for its Vizcachitas deposit at the Vizcachitas project. PEA results incl. post-tax NPV of US $1.8B (8%), IRR of 20.77%. Vancouver, British Columbia--(Newsfile Corp. - June 5, 2019) - Los Andes Copper | |
| Resources: | (Resource, M+I): 1.284Mt @ 0.396% Cu, 141.4ppm Mo, 1.05g/t Ag | |
| CP/QP: | [Overall Report]: Severino Modena, Jose Luis Fuenzalida, Mario Riveros (Tetra Tech/Coffey Mining Ltd.) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - June 5, 2019) - Los Andes Copper Ltd. (TSXV: LA) ("Los Andes", or the "Company") is pleased to announce the results of an updated Preliminary Economic Assessment (PEA) for its 100%-owned Vizcachitas Project, a copper-molybdenum porphyry deposit located in central Chile, approximately 150 km northeast from Santiago. The PEA was prepared by Tetra Tech Chile S.A. (Tetra Tech), a leading global provider of consulting and engineering services. The Project considers an open pit mine and concentrator plant that produces copper and molybdenum concentrates. The PEA evaluated three cases with mill throughputs of 55 ktpd, 110 ktpd and 200 ktpd. The 110 ktpd case has been recommended to advance into pre-feasibility. This case not only delivers the best economic results, with an After-Tax NPV8% of US$ 1.8 billion, an IRR of 20.77% and a payback period of 3.4 years, but also optimizes the mining and technical aspects for a mineral deposit of the size of Vizcachitas. | |
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