Base Metals

Mining Weekly reported that Curis Resources has completed a prefeasibility study (PFS) on its Florence Copper project, which assigned a NPV of $748-million to the project.

Mining Weekly reported that Curis Resources has completed a prefeasibility study (PFS) on its Florence Copper project, which assigned a NPV of $748-million to the project.

As quoted in the market report:

The base-case economics indicated an internal rate of return (IRR) of 38% and a pretax 2.4-year payback of the $129-million capital costs. This represented an 18% decrease from the initial capital cost estimate in the 2010 preliminary economic assessment. The commercial operating life of the project was also extended from 19 to 25 years.

To view the whole Mining Weekly report, click here.

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