Van Dyke in situ copper recovery project, US
Name of the Project
Van Dyke in situ copper recovery project.
Location
Miami, in Arizona, in the US.
Project Owner/s
Copper Fox Metals, through its wholly owned subsidiary Desert Fox Copper Inc.
Project Description
An external, independent preliminary economic assessment (PEA) has shown robust results for the copper deposit. Van Dyke has an estimated mine life of 17 years.
The PEA envisages a project with life-of-mine copper production of 1.1-billion pounds, with peak production of 85-million pounds a year in years 2 to 12 inclusive, declining thereafter.
Underground development will be completed using conventional drill-and-blast tunnelling techniques by mining contractors, with appropriate ground support as required.
Phase 1 of the underground development is expected to be completed during the preproduction phase. The mine plan is estimated to produce about 190 000 m3 of waste rock from the underground development, which will be stored in a valley directly adjacent to the portal on land owned by Desert Fox.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a base case pretax net present value, at a 7.5% discount rate, of $798.6-million, with an internal rate of return of 48.4% and a payback of two years.
Capital Expenditure
Initial capital expenditure is estimated at $290.5-million, including a 30% contingency.
Planned Start/End Date
Not stated.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Copper Fox Metals, tel or email office@newsfilecorp.com.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation