Avanti Mining Inc. (TSXV:AVT) further optimized the February 2013 Feasibility Study Update prepared by AMEC on its Kitsault property in British Columbia. The optimization started with a new mine plan that included new capital and operating cost estimates.
As quoted in the press release:
The main aspects incorporated into the project as part of the optimization include:
- Fully variable elevated cutoff grades during the life of mine paired with the dynamic use of the ore stockpiles.
- Implementation of a flexible mineral processing regimen based on grind-throughput-recovery (GTR) relationships for the three main rock types contained in the deposit.
- Selection of the ultimate pit and internal operational phases incorporating the results of the Enterprise Optimization study.
- Optimization of equipment selection and layout in the process plant.
- Optimization of the grinding circuit to maximize throughput
- Incorporation of improvements to the silver recovery circuit.
- Rationalization of the initial and sustaining capital requirements, including optimization to the project infrastructure and tailings management facilities.
Avanti Mining Inc. President and CEO, Mark G. Premo, said:
We are pleased to present an optimized version of our 2013 Feasibility Study Update by AMEC and other contributors on the Kitsault Molybdenum Project. Kitsault’s projected cash costs are in the lowest quartile of primary molybdenum producers worldwide.