Ero Copper Announces Huge Increase in Numbers at Vale do Curaçá

- September 5th, 2018

According to the company there is a 108 percent increase in proven and probable mineral reserves to over 18 million tonnes (with a 55 percent increase in contained copper) compared to the proven and probable mineral reserves set out in the 2017 technical report.

Ero Copper (TSX: ERO) has announced the release of its 2018 updated mineral reserve and resource estimate along with updated production, capital and operating cost projections for its 99.6 percent-owned Vale do Curaçá Property located in Bahia State, Brazil.

As highlighted in the press release:

  • A 108 percent increase in proven and probable mineral reserves to over 18 million tonnes (with a 55 percent increase in contained copper) compared to the proven and probable mineral reserves set out in the 2017 technical report, using the same copper price and foreign exchange assumptions of $2.75/lb and USD:BRL of 3.20, respectively;
  • A 107 percent increase in measured and indicated mineral resources to over 42 million tonnes (with a 57 percent increase in contained copper), inclusive of mineral reserves, as compared to the measured and indicated mineral resources set out in the 2017 technical report at the same geological cut-off grades;
  • An updated production plan increasing the life of the mine by adding approximately 124,000 tonnes of copper production as compared to the life of mine production plan set out in the 2017 technical report; and
  • The updated plan will produce, on average, approximately 41,000 tonnes of copper in concentrate over the first five years at an average C1 cash cost of $0.94/lb.

Click here to read the full Ero Copper (TSX:ERO) press release.

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