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Cascadero Copper Announces Positive Preliminary Economic Assessment on the Taron Cesium Project in Argentina
Resource of 50,810 tonnes of contained Cesium 23.85 Mt resource at a grade of 2,131ppm Cesium ...
About this update from Cascadero Copper Corp.
[{"type":"text","content":"Cascadero Copper Announces Positive Preliminary Economic Assessment on the Taron Cesium Project in ArgentinaResource of 50,810 tonnes of contained Cesium23.85 Mt resource at a grade of 2,131ppm Cesium with significant potential to grow14+ year mine lifeStrong NPV based on conservative pricing of Cesium Formate - 20% increase in prices can produce almost four times the NPVNPV (10) (after-tax) of US$79M, with an IRR of 14% (after tax) and payback period less than five years of operationsTaron has the potential to be the world's foremost supplier of CesiumVancouver, British Columbia--(Newsfile Corp. - May 15, 2024) - Cascadero Copper Corporation (TSXV: CCD) (\"Cascadero\" or the \"Company\") is pleased to announce the successful completion of its Preliminary Economic Assessment (\"PEA\") on its Taron Cesium Project (\"Taron\" or the \"Project\") located in Salta, Argentina. The PEA indicates that the drilled portion of the Taron property has a 23.85 Mt at a grade of 2,131 ppm Cesium. Using the Company's patented extraction process developed at the University of British Columbia and a Cesium Formate price of $50,000/t, the project has a 14+ years of mine life with a NPV(10) of US$79M, an IRR of 14% and a payback period of less than five years. The PEA was completed by Wardell Armstrong International (\"WAI\"). In recognition of the opaque nature of the Cesium market, WAI conducted a resource sensitivity assessment at varying Cesium prices. An increase in Cesium Formate price of only 20% increases the NPV by almost four times (4X). The PEA assessed the development of the Taron Project mineral resource by open pit mining, using the Company's patented High-Pressure Acid Leaching (HPAL) process to produce a final solution containing Cesium hydroxide to which formic acid is added for the production of an 80% Cesium Formate brine.Cascadero's Interim Chief Executive Officer and Interim President, Dr. George Gale, stated: \"This Preliminary Economic Assessment supports our assertion that the Taron Cesium Project has the potential to be the next primary Cesium producing mine in the world. The results of the Base Case study show positive economics, a long mine life and modest upfront capital cost, all in a favourable mining and permitting jurisdiction.\"Gale continued: \"The Taron Project contains a globally significant mineable resource that...