Van Dyke copper project, US
Name and Location
Van Dyke copper project, Arizona, US.
Client
Copper Fox Metals, through its wholly owned subsidiary Desert Fox Copper.
Project Description
A preliminary economic assessment (PEA) has indicated that the Van Dyke project is a technically sound in situ leach copper project.
The project has proven and probable reserves of 940.8-million tonnes grading 0.27% of copper, 0.018% of molybdenum, 0.19 g/t of gold and 1.72 g/t of silver.
Measured and indicated resources are estimated at 1.23-billion grading 0.26% copper, 0.017% molybdenum, 0.19 g/t of gold and 1.69 g/t of silver. Inferred mineral resources are estimated at 961.37-million tonnes.
The PEA envisages underground access and conventional solvent extraction and electrowinning recovery methods with low cash costs and strong cash flows.
The PEA has indicated that the project could produce 60-million pounds of copper in the first six years, with production declining thereafter. The project has an 11-year mine life.
Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 8% discount rate, of 213.1-million and a pretax internal rate of return of 35.5%, with a payback of 3.3 years.
Value
Capital costs are estimated at $204.4-million.
Duration
Not stated.
Latest Developments
None stated.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Copper Fox Metals, Lynn Ball, tel +1 844 464 2820 or Jervin Werbes, tel +1 604 620 7737.
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