Reserves & Resources
|Cut-Off Grade (NSR/t)||Tons (000s)||Cu Eq (%)||Copper (%)||Moly (%)||Gold (g/t)||Silver (g/t)|
|Cut-Off Grade (NSR/t)||Tons (000s)||Copper (%)||Moly (%)||Gold (g/t)||Silver (g/t)|
(1) Effective April 2, 2013
(2) Mineral reserves and resources based on $3.00/lb Copper, $8.00/lb Moly, $1,350/oz Gold and $20.00/oz Silver
(3) Mine design based on $2.50/lb cone pit
Average cash operating costs are estimated at US $0.93 per pound of copper produced during the first five years of production and US $1.15 per pound of copper produced for the life of mine.
Low Capital Intensity
The initial capital cost is estimated to be $361M, which is $10,300 per ton of annual output capacity.
The Project is a Brownfield Redevelopment Project in a stable region with excellent access to existing infrastructure. The Project will realize savings through the reuse of significant infrastructure that remains from the original Quintana Mine, which provides an estimated $53.9M in value to the Project.
(1) Base case price assumptions based on $3.00/lb Copper, $9.50/lb Moly, $1,350/ oz Gold, $22/oz Silver; post private royalty of 3.25%
(2) After NPV a 8% real discount rate
Mining Metrics Table
|Strip Ratio(Waster:Ore Tons)||0.4:1|
|Lom annual processing rate(Ktons)||10,200|
|Copper equivalent annual production(Klbs)||74,000|
|Copper equivalent LOM production(Klbs)||819,000|
|Copper LOM annual production(Klbs)||57,000|
|Copper LOM production(Klbs)||628,000|
|Gold LOM annual production(Ktrozs)||20|
|Gold LOM production(ktrozs)||227|
|Copper equivalent LOM average grade||0.39%|
Note: The Moly and Silver LOM annual production and LOM production are not included in table above