For thousands of other reports visit RSC's Mineral Intellingence Map
Nzuri Copper Ltd.
Summary
| Project: | Kalongwe | |
|---|---|---|
| Deposit: | Kalongwe | |
| Location: | Congo | |
| Commodities: | Copper-Cobalt | |
| Date: | 4/16/2018 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-4-2018: Nzuri Copper Ltd. announces a Feasibility Study report for its Kalongwe deposit at the Kalongwe project. Updated FS results incl. post-tax NPV of US$130M (10%), IRR of 76%, and 8yr LOM at project. Nzuri Copper Limited (ASX: NZC) (Nzuri or the C | |
| Resources: | (Reserve, P+P): 7.99Mt @ 2.94% Cu, 0.34% Co at Kalongwe | |
| CP/QP: | [Overall Report]: Ross Cheyne (Orelogy Pty Ltd.) | |
| ABSTRACT: | Nzuri Copper Limited (ASX: NZC) (Nzuri or the Company) is pleased to advise that it has completed an updated Feasibility Study (FS) for the proposed Stage 1 development of its flagship 85%-owned Kalongwe Copper-Cobalt Project (Kalongwe or Project), located in the Kolwezi region of the Democratic Republic of Congo (DRC). The updated Stage 1 FS was based on revised pricing (reflecting continued increases in the cobalt price) and point-ofdelivery. The results have further reinforced the Project’s exceptional financial and technical merits, delivering significantly enhanced financial returns. Nzuri Copper CEO and Executive Director, Mark Arnesen, said: “The Kalongwe Copper-Cobalt Project continues to go from strength to strength. The updated Stage 1 Feasibility Study has delivered an impressive pre-tax NPV of US$186 million, a 99% IRR and increased Ore Reserve which now underpins an 8-year mine life. This incorporates updated, though still conservative, cobalt pricing assumptions. It is also based on an enhanced point-of-delivery at Kolwezi based on advanced discussions with potential off-takers completed since the 2017 Feasibility Study. “In conjunction with these outstanding results, the recently completed Stage 2 Preliminary Economic Analysis has captured the value potential of a larger SXEW development. This has confirmed our view that there is huge upside in the project which can be unlocked through future staged expansionsfunded from Stage 1 cashflows. The results provide a clear roadmap that will help guide the detailed front-end engineering and design of the project, which is about to commence. “Our immediate focus over the next few months is to advance appropriate funding solutions and, with the support of our cornerstone shareholders, deliver Stage 1 as quickly as we can while keeping in mind the best way of pursuing SXEW processing. At the same time, we are continuing to pursue aggressive exploration aimed at growing our Resource inventory and mine life at numerous exciting near-mine and regional targets.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report