Copper miner Quadra Mining (TSX: QUA) announced it has wrapped up a scoping study for its wholly owned Sierra Gorda project in Chile. The study, which includes an economic assessment and an updated NI 43-101 compliant mineral resource estimate, will be filed today on SEDAR.
The study showed the project is capable of maintaining production in the range between 250 and 400 million pounds of copper per annum over 25 years. Provided the long term prices of copper, molybdenum and gold will be USD 2.00 and USD 12 per pound and USD 800 per ounce respectively, the project will be producing an after-tax net present value of USD 622 million and an internal rate of return of 16%.
According to economic assessment and engineering studies, the project’s resources amount to a billion tonnes of sulphide mill feed, which makes for 74 percent of the total measured and indicated resources. There’s also about 456 tonnes of inferred resources.
No comments:
Post a Comment