Name of the Project
CuMo project.

Location
Boise County, Idaho, in the US.

Project Owner/s
American CuMo Mining Corporation.

Project Description
The CuMo project is the largest molybdenum, silver, and rhenium deposit in the US, and one of the world's leading mining projects in terms of its size, cost and potential economics. The project has measured and indicated resources of 2.27-billion tons and inferred resources of 2.56-billion tons.

A preliminary economic assessment (PEA) has used the project’s resources to produce a proposed 30-year production pit and possible mill site, waste dump and tailings facilities.

The operation is expected to produce 1.29-million pounds of molybdenum, 2.53-million pounds of copper, 107 239 oz of silver, 88 361 kg of rhenium and 3 371 t of sulphuric acid over its mine life.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a pretax net present value, at an 8% discount rate, of $800-million and an internal rate of return of 10%, with a payback of eight years.

Capital Expenditure
Initial capital expenditure is estimated at $3.07-billion.

Planned Start/End Date
Not stated.

Latest Developments
The updated PEA has affirmed projections compelling the completion of the remaining environmental permitting aspects, prefeasibility analysis and feasibility initiatives to further advance the CuMo project.

Key Contracts and Suppliers
SRK Consulting (Canada), Sacré-Davey Engineering and Giroux Consulting.

Contact Details for Project Information
American CuMo Mining Corporation, tel + 1 604689 7902 or email info@cumoco.com.