- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
The study was done using a resource estimate which defined an indicated resource of 1.1 million tonnes of contained copper and 3.7 million ounces of contained gold.
Bezant (LSE:BZT) has released the results of an independent study assessing the optimisation of potential future mine development for its Mankayan copper-gold project, located on the Island of Luzon in the Philippines.
The company said the study was undertaken by independent consultants, Mining Plus using prevailing market conditions premised on the Snowden Mining resource estimate prepared in 2009 under JORC (2004) which defined an indicated resource of 1.1 million tonnes of contained copper and 3.7 million ounces of contained gold and an inferred resource of 0.2 million tonnes of contained copper and 0.6 million ounces of contained gold.
As highlighted in the press release:
- Alternative routes to production: The Mankayan copper-gold porphyry supports different robust routes for potential future development, including, for the first time, a Sub-Level Caving ‘stepping stone’ scenario, with two main Block Caving routes identified for progression, from a total of 11 scenarios assessed, with both supporting an average production grade in excess of 0.64 percent copper equivalent.
- 5 year lead time to production: Under all four of the representative options selected for further analysis in the study, the time to initial production was approximately five years and the first five years of production was sequenced in order to deliver production from the higher grade areas of the deposit, in some cases demonstrating average grades achievable of up to 0.77 percent copper equivalent during this initial period.
- Off-site costs incorporated: For the first time, off-site costs (for concentrate handling and smelting) were incorporated into the project’s economics to more accurately demonstrate development viability.
- Updated analysis: the study has built and improved upon the historic 2014 scoping study update following analysis of the key inputs and characteristics further to the Company’s review of the project during 2018.
The company also detailed the three main start-up options of 11 available to the company.
Click here to read the full Bezant Resources (LSE:BZT) press release.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â