Business
Filing of New Riotinto PEA Technical Report
Filing of New Riotinto PEA Technical Report.
About this update from Atalaya Mining Copper Sa
[{"type":"text","content":"\n \n \n \n \n \n \n Atalaya Mining Plc\n \n \n \n 1 Lampousas Street\n \n \n 1095 Nicosia, Cyprus\n \n \n Tel: +357 22442705\n \n \n Fax: +357 22442708\n \n \n www.atalayamining.com\n \n \n \n \n \n \n \n \n 24 March 2023\n \n \n \n \n Atalaya Mining Plc.\n \n \n \n (\"Atalaya\" or \"the Company\")\n \n \n \n Filing of New Riotinto PEA Technical Report\n \n \n \n \n PEA demonstrated potential uplift in production and reduction in cash costs\n \n \n \n \n \n \n \n \n Atalaya Mining Plc (AIM: ATYM) is pleased to announce the filing of the technical report (\"Technical Report\") related to the new preliminary economic assessment (\"PEA\") for the Cerro Colorado, San Dionisio and San Antonio deposits at its Proyecto Riotinto (\"Riotinto\") operation in Spain, the results of which were announced on 23 February 2023 by the Company.\n \n \n Riotinto is Atalaya's flagship asset and currently consists of the operating Cerro Colorado open pit mine, a modern 15 Mtpa processing plant and significant supporting infrastructure. The San Dionisio and San Antonio deposits are located adjacent to the Cerro Colorado pit and the objective of the PEA was to incorporate these deposits into a new integrated mine plan for Riotinto. \n \n \n The PEA demonstrated strong potential economic results over a range of metals price assumptions, including an after-tax NPV(8%) of $1.07 billion at $3.50/lb Cu, $1.20/lb Zn and $0.95/lb Pb (\"Base Case\" metals prices) and an after-tax NPV(8%) of $1.57 billion at $4.03/lb Cu, $1.20/lb Zn and $0.95/lb Pb (\"Sensitivity Case\" metals prices).\n \n \n The Technical Report is available under the Company's profile on SEDAR at\n \n \n www.sedar.com\n \n \n and on the Company's website at\n \n \n www.atalayamining.com\n \n \n .\n \n \n \n Contacts:\n \n \n \n \n \n \n \n SEC Newgate UK\n \n \n \n \n Elisabeth Cowell / Axaule Shukanayeva / Matthew Elliott\n \n \n \n \n + 44 20 3757 6882\n \n \n \n \n \n \n 4C Communications\n \n \n \n \n Carina Corbett\n \n \n \n \n +44 20 3170 7973\n \n \n \n \n \n \n Canaccord Genuity\n \n \n (NOMAD and Joint Broker)\n \n \n \n \n Henry Fitzgerald-O'Connor / James Asensio\n / Thomas Diehl\n \n \n \n \n +44 20 7523 8000\n \n \n \n \n \n \n BMO Capital Markets\n \n \n (Joint Broker)\n \n \n \n \n Tom Rider / Andrew Cameron\n \n \n \n \n +44 20 7236 1010\n \n \n \n \n \n \n...