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According to the press release, the study showed Eva would have annual copper equivalent production for the first two full years of 129 million pounds.
Copper Mountain Mining (TSX:CMMC,ASX:C6C) has announced positive results from its feasibility study on its Eva copper project in Queensland, Australia.
According to the press release, the study showed Eva would have an after-tax net present value of C$256M, internal rate of return of 28 percent, annual copper equivalent production first two full years of 129 million pounds and annual copper equivalent production over a 9-year mine life of 98 million pounds.
President and CEO of Copper Mountain, Gil Clausen said:
“The results of the Eva feasibility study clearly demonstrate the quality and size of this asset. Eva has the potential to add significant cashflow to our operating base, at one of the lowest capital intensities for near-term greenfield projects anywhere, in the best mining jurisdiction in the world. Our intention is to finance the capital spend in a non-dilutive manner through restructuring our current debt and internal cash flow.
Click here to read the full Copper Mountain Mining (TSX:CMMC,ASX:C6C) press release.
Scott has a Master's Degree in journalism from the University of Melbourne and reports on the resources industry for INN.
Scott has experience working in regional and small-town newsrooms in Australia. With a background in history and politics, he's interested in international politics and development and how the resources industry plays a role in the future.
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Scott has a Master's Degree in journalism from the University of Melbourne and reports on the resources industry for INN.
Scott has experience working in regional and small-town newsrooms in Australia. With a background in history and politics, he's interested in international politics and development and how the resources industry plays a role in the future.
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