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Anax Metals Limited (ASX: ANX, Anax, or the Company) is pleased to present its investor presentation.
ANAX METALS OVERVIEW
WHIM CREEK
Fully Permitted & Established Mine Site Positioned to become the Pilbara copper hub
- STRATEGICALLY POSITIONED PROCESSING HUB IN THE PILBARA
- Ability to treat primary and secondary ore through concentrator and heap leach delivering flexibility and economies of scale from hybrid process infrastructure.
- FULLY PERMITTED BASE METAL PRODUCTION HUB
- Initial 8-year mine life producing copper, zinc and lead concentrates.
- Expansion supported by recommissioning existing heap leach infrastructure.
- ATTRACTIVE ECONOMICS – HIGHLY LEVERAGED TO RISING COPPER PRICE
- DFS and heap study reported $270m pre-tax NPV & 54% IRR1,2,3.
- EXTENSIVE EXPLORATION POTENTIAL TO FEED EXISTING INFRASTRUCTURE
- Growth potential at four deposits.
- Follow up drilling down dip plunge at Evelyn (Previous Drilling - 13m @ 4.46% Cu, 3.10% Zn, 45g/t Ag and 1.61g/t Au from 204m)4.
WHIM CREEK COPPER PROJECT SUMMARY
Near Term Copper Production – Fully Permitted with Existing Infrastructure
- Fully permitted and established mine site with approval for in-pit tailings disposal.
- Development studies confirm production of metal over an initial 8-year life. NPV $270M / IRR 55.3%1,2,3.
- Established infrastructure facilitating low development CAPEX of AU$71M and compressed development timeline of circa 18 months1,2.
- New processing infrastructure to include a 0.8Mtpa pre concentration plant and 400ktpa concentrator to produce copper, zinc and lead concentrate1,2.
- Existing and refurbished heap leach infrastructure to produce copper cathode and zinc sulphate.
This article includes content from Anax Metals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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