Tuesday, December 13, 2016 9:39:02 AM
Ivanhoe Mines Announces Results
https://ceo.ca/@marketwired/ivanhoe-mines-announces-results-of-a-positive-independent
Summary of the PEA's key results for an initial Kakula Phase 1 Mine
Very high-grade initial phase of production is projected to have a grade of 8.1% copper in year two and an average grade of 7.52% copper over the initial five years of operations, resulting in estimated average annual copper production of 209,000 tonnes.
Peak annual copper production is estimated at 262,000 tonnes in year three.
Initial capital cost, including contingency, is estimated at US$1.0 billion, approximately US$200 million lower than previously estimated in the March 2016 Kamoa pre-feasibility study.
Average mine-site cash cost of US$0.37/lb of copper during the first 10 years (see details Table 4, page 10).
After-tax NPV, at an 8% discount rate, of US$3.7 billion, an increase of 272% compared to the after-tax NPV, at an 8% discount rate, of US$986 million estimated in the March 2016 Kamoa pre-feasibility study.
After-tax internal rate of return (IRR) of 38.0%, which is more than double the IRR of the 2016 Kamoa pre-feasibility study, and a payback period of 2.3 years.
Kakula is expected to produce a very-high-grade copper concentrate in excess of 50% copper, with extremely low arsenic levels.
Greatly expanded production scenario now under study as part of a new PEA could double the mining rate and is expected to further improve net present value
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM