Name of the Project
New Ingerbelle copper/gold project.

Location
Southern British Columbia, Canada.

Client
Copper Mountain Mining Corporation.

Project Description
A preliminary economic assessment (PEA) has shown New Ingerbelle to be a low-capital, low-risk, high-quality development project.

The project is expected to have total production of 768-million pounds of copper and 550 300 oz of gold over its expected 12-year mine life, based on measured and indicated resources only.

The PEA envisages New Ingerbelle mill feed being trucked to the Copper Mountain operation using Copper Mountain’s existing mine equipment fleet, the 40 000 t/d mill and tailings facility.

Total mill feed mined is estimated at 175-million tonnes and total waste is expected to be 250-million tonnes for a low strip ratio of 1.43:1.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at an 8% discount rate, of $394-million and an internal rate of return of 65%.

Value
The total initial capital cost required to start operations at New Ingerbelle is estimated to be about $130-million.

Duration
Not stated.

Latest Developments
Copper Mountain plans to evaluate various operational alternatives to test against this base case, which proposes to replace Copper Mountain mine production.

The company plans to incorporate New Ingerbelle into the Copper Mountain mine plan using the existing mill, and study expanding the mill at Copper Mountain to increase the combined yearly production.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Copper Mountain, tel +1604 682 2992 or email Dan@CuMtn.com.