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Nevsun Announces Updated PEA for Timok Upper Zone Copper Project With a US$1.5 Billion NPV and a 50% IRR
Oct. 27, 2017 08:49AM PST
Base Metals Investing Nevsun Resources Ltd. (TSX:NSU) (NYSE MKT: NSU) (Nevsun or the Company) today announced the results of the updated Preliminary Economic Assessment (“PEA”) for the high grade Timok Upper Zone project in Serbia (“Timok Project” or “Project”), one of the world’s best undeveloped copper projects. All economic values are in 2017 US dollars unless indicated otherwise. As quoted …
Nevsun Resources Ltd. (TSX:NSU) (NYSE MKT: NSU) (Nevsun or the Company) today announced the results of the updated Preliminary Economic Assessment (“PEA”) for the high grade Timok Upper Zone project in Serbia (“Timok Project” or “Project”), one of the world’s best undeveloped copper projects. All economic values are in 2017 US dollars unless indicated otherwise.
As quoted in the press release:
Nevsun CEO Peter Kukielski commented, “The PEA demonstrates the extremely compelling economics of the Timok Upper Zone project. Nevsun is in a unique position in the industry with a 100% ownership of a high grade, high return copper project in a well-established mining jurisdiction.”
