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MOD Resources Ltd.
Summary
| Project: | T3 | |
|---|---|---|
| Deposit: | T3 | |
| Location: | Botswana | |
| Commodities: | Copper-Silver | |
| Date: | 3/28/2019 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 28-3-2019: MOD Resources Ltd. announces a Feasibility Study report for its T3 deposit at the T3 project. Feasibility Study results incl. pre-tax NPV of US $368M (8%), IRR of 33%. MOD Resources Ltd (ASX/LSE: MOD) is pleased to announce compelling results o | |
| Resources: | (Reserve, Prob.): 34.4Mt @ 1.0% Cu for 342.7Kt Cu contained at T3 Open pit | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | MOD Resources Ltd (ASX/LSE: MOD) is pleased to announce compelling results of the completed Feasibility Study (“FS”) for the T3 Copper Project (“T3” or “T3 Project”) which includes a proposed 11.5-year open pit mine, 3Mtpa conventional processing plant and all associated infrastructure. The T3 Copper Project Feasibility Study is modelled on the T3 Ore Reserve as announced on 25 March 2019. MOD’s Managing Director Julian Hanna, said: “On behalf of the MOD team, I am delighted to deliver the compelling results of the T3 Copper Project Feasibility Study. The strong economics clearly demonstrate the value of this high-quality asset located within the excellent mining and investment jurisdiction of Botswana.” “There are a number of outstanding operational and financial outcomes of the Feasibility Study, however several stand out when compared to other emerging global copper developers and producers. Firstly, the T3 Project represents a relatively straightforward open pit mine and processing plant, requiring moderate capital expenditure to bring into production. Then, due to the very favourable geometry, grade and metallurgical characteristics of the orebody, the Feasibility Study has demonstrated that even at copper prices much lower than today’s spot price, the T3 Copper Project is expected to generate excellent returns.” “T3 also provides the possibility for future production expansion from other potential deposits in the surrounding area, where MOD has already demonstrated early drilling success. Drilling is expected to focus on this satellite potential during 2019 to take advantage of the capital invested into T3.” | |
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