The company said it had made ‘excellent progress’ on T3 feasibility study which was due for completion in March 2019.
MOD Resources (ASX:MOD) has released an update on the status of the feasibility study and funding for its 60Mt T3 copper project in Botswana, announcing that the study is on track for completion in March 2019.
As highlighted in the press release:
- Excellent progress on T3 feasibility study (FS), due for completion March 2019
- T3 ESIA scoping and terms of reference approved by DEA with report due Q4 2018
- Outstanding metallurgical testwork results identify potential capital & operating cost savings
- Focus on further improvements in project economics as Chinese copper demand strengthens
Technical director at MOD, Steve McGhee, said:
“The FS report is on target to be delivered by the end of March 2019. In addition, the environmental and social impact assessment (ESIA) is already well advanced and the detailed ESIA report is expected to be submitted to the department of environmental affairs (DEA) in Q4 2018,”