- Write by:
-
Thursday, October 18, 2018 - 10:21:47 AM
-
950 Visit
-
Print
Mining News Pro - Nevada Copper (TSX: NCU; US-OTC: NEVDF) has tabled a new preliminary economic assessment (PEA) suggesting an open pit mine at its Pumpkin Hollow copper project in Nevada, where the company is already part-way through constructing an underground mine.
According to Mining News Pro -Nevada Copper (TSX: NCU; US-OTC: NEVDF) has tabled a new preliminary economic assessment (PEA) suggesting an open pit mine at its Pumpkin Hollow copper project in Nevada, where the company is already part-way through constructing an underground mine.
The PEA consists of two phases. The first would cost an initial US$592 million and include a plant capable of processing 33,500 tonnes per day. It would focus on mining the project’s high grade Northern pit, using the South pit as supplementary feed.
That phase would have a $567 million after tax net present value (NPV) at a 7.5% discount rate with an 18% after tax internal rate of return (IRR). The project would process 12.2 million tonnes per year over a 16-year mine life at all in sustaining costs of US$2.01 per lb. of copper.
The PEA includes the option to expand to a second phase that would increase production to 63,500 tonnes per day in year eight for US$447 million. The second phase would increase the after tax NPV to US$927 million at a 7.5% discount rate and the after tax IRR to 19%. It would extend the mine life to 21 years and produce an average 177 million lb. of copper per year.
Continue reading at The Northern Miner.
Short Link:
https://www.miningnews.ir/En/News/283790
Mining News Pro - The Pumpkin Hollow underground mine, in the US, is experiencing delays, Toronto-listed Nevada Copper ...
Mining News Pro - Nevada Copper announced on Tuesday it has completed the underground materials handling system of the ...
Mining News Pro - Nevada Copper announced Wednesday that it has entered into binding agreements with financing partners ...
Mining News Pro - Nevada Copper is making progress to secure additional financing for its ramp-up operations heading ...
Mining News Pro - Nevada Copper will need additional funding over the next four months to complete its ramp-up of ...
Mining News Pro - Nevada Copper’s share price closed 12.50% lower on Tuesday, as the company said that it needed ...
Mining News Pro - Nevada Copper has restarted milling operations at its Pumpkin Hollow underground project, following ...
Mining News Pro - Nevada Copper is progressing towards the restart of concentrate production in Q3 2020, the owner of ...
Mining News Pro - Nevada Copper has temporarily suspended production at its Pumpkin Hollow project as a result of ...
No comments have been posted yet ...