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Alacran copper/gold project, Colombia

Location map of the Alacran project

Photo by Cordoba Minerals Corp

16th February 2024

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Alacran copper/gold project.

Location
Puerto Libertador, Colombia.

Project Owner/s
Cordoba Minerals Corp.

Project Description
A feasibility study has demonstrated an economically attractive project producing 39.5-million tonnes of mined material a year over a projected mine life of 14.2 years.

The project includes:

  • an openpit mine development, along with the required equipment fleet, and support infrastructures and services;
  • a 17 600 t/d conventional semiautogenous grinding ball mill crusher circuit and flotation process plant producing a copper concentrate and a high-grade gold and silver concentrate, with supporting infrastructures and services;
  • a separate wash gravity plant will process 2 400 t/d of saprolite ore and 1 200 t/d of historical tailings to produce a high-grade gold and silver concentrate;
  • a co-disposal waste rock with thickened tailings waste management facility;
  • other on-site infrastructures, including potable- and sewage-water treatment, an electrical substation, shops and other general facilities; and
  • relevant off-site infrastructures.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project holds a pretax net present value at an 8% discount rate of $633-million, and an internal rate of return of 33.9%, with a payback of 2.3 years.

Capital Expenditure
Initial capital expenditure is about $420.4-million for the construction of a conventional truck-and-shovel openpit mine.

Planned Start/End Date
Cordoba plans to start detailed mine engineering and design work at the project in early 2024.

Latest Developments
Cordoba has initiated a comprehensive process to assess funding options for the project.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Cordoba Minerals Corp (Colombia), tel + 57 4 605 15 07 or email info@cordobamineralscorp.com.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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