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Nevsun Resources Ltd.
Summary
| Project: | Timok | |
|---|---|---|
| Deposit: | Upper Zone | |
| Location: | Serbia | |
| Commodities: | Copper-Gold | |
| Date: | 5/11/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 11-5-2018: Nevsun Resources Ltd. announces a Pre-Feasibility Study report for its Upper Zone deposit at the Timok project. PFS results incl. post-tax NPV of US $1816M (8%), IRR of 80%, and 10yr LOM. This Preliminary Feasibility Study (PFS) describes a fut | |
| Resources: | (Reserve, Prob.): 27.121Mt @ 3.25% Cu, 2.06g/t Au for 1944074Klbs Cu, 1798Koz Au contained | |
| CP/QP: | [Overall Report]: Micheal Bunyard, Mark Sucharda (Hatch Ltd.) | |
| ABSTRACT: | This Preliminary Feasibility Study (PFS) describes a future mine development on the Upper Zone of the Cukaru Peki Copper/Gold massive sulphide deposit at Cukaru Peki, outside the town of Bor in Serbia. The Upper Zone deposit at Cukaru Peki is 100% owned by Nevsun Resources Ltd. through its wholly owned subsidiary Rakita Exploration d.o.o. This PFS is intended to produce indicative financial costs and revenues for the Upper Zone deposit only; assuming a normal project development cycle and using current technology to mine the deposit by underground means. Mined ore would be hauled to surface using a decline and conveyor and milled in a conventional flotation mill to produce a single sulphide copper gold concentrate which will be sold to smelters on normal terms. This PFS follows on from a PEA published by Steffen Robertson and Kirsten (SRK) Vancouver and others in October 2017. Nevsun declared an initial Resource, including Measured, Indicated and Inferred tonnage and grade on the Upper Zone of the Cukaru Peki deposit in April 2017. The PFS Mineral Reserve Statement by definition, contains less mineralisation than the Resource statement, since a Reserve statement cannot contain Inferred mineralisation. (Despite the potential to mine this Inferred mineralisation once the operating mine is established). | |
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