Proyecto Touro Pre-feasibility Study
NICOSIA, CYPRUS (FSCwire) - for a proposed copper open pit mine and concentrator at its Proyecto Touro in north west Spain.
Highlights
Strong Project Economics
· NPV post-tax at 8% discount rate of $180 million using long term copper price of US3.00/lb
· Unlevered IRR of 20.5%
· Total free cash flow of $489 million
· Annual average free cash flow of $60m from commercial production
Low cost Operations
· Estimated average C1 cash costs of US$1.73/lb of payable Cu net of silver credits
· All-in sustaining costs ("AISC") of US$1.85/lb of payable Cu net of silver credits
Capital Costs and Infrastructure
· Pre-production capital expenditure of $165 million with an additional expansion capital estimate of $30 million in year eight
· Low LOM sustaining capital expenditure of $55 million
Project Parameters
· Contained copper, within P&P reserves only, is estimated at 392,000 tonnes and 2.1 million ounces of silver
· 2 years of development and 12 years of operation
· Average yearly production of 30,000 tonnes copper and 70,000 ounces of silver in concentrate
· Shallow open pit mining with low waste-to-ore ratio of 2.43
· Very clean high-grade copper concentrates
Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/6944L_1-2018-4-20.pdf
To view the associated document to this release, please click on the following link:
public://news_release_pdf/atalaya04232018.pdf
To view the original release, please click here
Source: Atalaya Mining plc (TSX:AYM, AIM:ATYM)
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