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VM Holding S.A.
Summary
| Project: | Magistral | |
|---|---|---|
| Deposit: | Magistral | |
| Location: | Peru | |
| Commodities: | Copper-Molybdenum-Silver | |
| Date: | 9/21/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-9-2017: VM Holding S.A. announces a PEA report for its Magistral deposit at the Magistral project. Results of a PEA and updated mineral resource estimate. Roscoe Postle Associates Inc. (RPA) was retained by VM Holding S.A. (VMH) to prepare an independe | |
| Resources: | (Resource): 205.3Mt @ 0.5% Cu, 0.05% Mo, 3g/t Ag (M+I), 50.57Mt @ 0.4% Cu, 0.05%Mo, 3.6g/t Ag (Inf) | |
| CP/QP: | [Resources]: Not stated (Not stated) | |
| ABSTRACT: | Roscoe Postle Associates Inc. (RPA) was retained by VM Holding S.A. (VMH) to prepare an independent Technical Report on the Magistral Project (the Project or the Property), located in the Ancash Region, Peru. The purpose of this report is to support the disclosure of a Mineral Resource estimate and a Preliminary Economic Assessment (PEA) of the Project. This Technical Report conforms to NI 43-101 Standards of Disclosure for Mineral Projects. RPA visited the Property on June 16, 2017. The Magistral Project consists of 34 concessions covering an area of approximately 14,340.29 ha located in the Ancash Region, approximately 450 km northwest of the capital of Lima. The Property is accessible by road. Open pit mining is proposed to be carried out by a contractor as a conventional truck and shovel operation. The contemplated production rate is 30,000 tonnes per day (tpd) with a strip ratio of approximately 1.5:1 (waste:mineral) over the Life of Mine (LOM). Mineralized material will be directly fed into a primary crusher located adjacent to the open pit. Material from the crusher will be transported to the processing facility using conveyors. VMH plans to produce separate copper and molybdenum concentrates with respective grades of 26% and 55% which is within the range of marketable concentrates. The copper concentrate will contain some silver for which credit will be gained and which accounts for approximately 4% of the estimated Project revenue. | |
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