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Panoro Minerals Ltd.
Summary
| Project: | Antilla | |
|---|---|---|
| Deposit: | Antilla | |
| Location: | Peru | |
| Commodities: | Copper-Molybdenum | |
| Date: | 5/2/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 2-5-2016: Panoro Minerals Ltd. announces a PEA report for its Antilla deposit at the Antilla project. PEA results incl. pre-tax NPV (7.5%) of US$491M, IRR of 22.2%, 3.3 year payback. The Antilla project is an advanced exploration stage copper-molybdenum p | |
| Resources: | (Resource): 291.8Mt @ 0.34% Cu, 0.01% Mo (Ind.) and 90.5Mt @ 0.26% Cu, 0.007% Mo (Inf.) | |
| CP/QP: | [Resources]: Paul Daigle (Tetra Tech/Coffey Mining Ltd.) | |
| ABSTRACT: | The Antilla project is an advanced exploration stage copper-molybdenum porphyry project, located in the Apurimac region of southern Peru. The project is wholly owned by Panoro Minerals Ltd. (Panoro), which is a mineral exploration company registered in Canada, based in Vancouver, Canada and Lima, Peru. Its shares are listed on the TSX Venture Exchange (TSX-V) as PML.V. . In 2014 SRK was commissioned by Panoro to prepare a preliminary economic assessment for the Antilla project in collaboration with Tetra Tech Inc. (Tetra Tech), Moose Mountain Technical Services (Moose Mountain), and ATC Williams (ATC Williams). The study is based on a mineral resource model prepared by Tetra Tech in 2013. This technical report summarizes the technical information that is relevant to support the disclosure of the preliminary economic assessment for the Antilla project pursuant to Canadian Securities Administrators’ National Instrument 43-101. The opinions contained herein, effective May 02, 2016, are based on information collected by the various consultants throughout the course of their investigations. This technical report supersedes all prior technical reports prepared for the Antilla project. | |
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