Viscaria economics improve for Avalon
PERTH (miningweekly.com) – An updated scoping study into ASX-listed Avalon Minerals’ Viscaria copper/iron project, in Sweden, has increased the project’s net present value (NPV) by some $46-million.
Avalon reported on Thursday that the project’s NPV was now estimated at $97-million, based on the base-case openpit mining scenario.
The updated study incorporated recent drilling results, and estimated a production of some 10 000 t of copper and 343 000 t of iron a year, at a cash cost of $0.65/lb, over a seven-year mine life.
“By recalculating the base-case openpit mining scenario using the upgraded interim D zone mineral resource announced last week, and revised openpit slopes, the net present value has increased to $97-million, which is an excellent achievement,” said Avalon MD Jeremy Read.
He noted that the increased economics proved that Avalon was well on its way to delivering on the development case identified in the October scoping study.
“As the D zone resource-extension drill programme still has around 30% to go to complete the planned programme, there is still potential to continue to grow the D zone mineral resource and deliver further value creation through conversion of exploration targets to mineral resources, which should further increase the net present value of D zone,” said Read.
Avalon was currently assessing various options for underground mining the plunging shoots of around 2% copper-equivalent mineralisation at the D zone, and believed that there was further value to be created through understanding the full underground mining potential of the area.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...
VISIT SHOWROOM
Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.
VISIT SHOWROOM
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
