Business
Copper Fox Announces Schaft Creek Preliminary Economic Assessment
After-Tax NPV 8 US$842.1 million (C$1.1billion); IRR 12.9% Pre-Tax NPV 8 US$1.4 ...
About this update from Copper Fox Metals Inc.
[{"type":"text","content":"Copper Fox Announces Schaft Creek Preliminary Economic AssessmentAfter-Tax NPV8 US$842.1 million (C$1.1billion); IRR 12.9%Pre-Tax NPV8 US$1.4 billion (C$1.8 billion); IRR 15.2%Projected After-Tax Payback 4.8 yearsMetal Price Assumptions: Cu: US$3.25/lb, Au: US$1,500/oz, Mo: US$10.00/lb, Ag: US$20.00/ozCalgary, Alberta--(Newsfile Corp. - September 20, 2021) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (\"Copper Fox\" or the \"Company\") is pleased to announce the results of a Preliminary Economic Assessment (the \"PEA\") for the Schaft Creek copper-molybdenum-gold-silver porphyry deposit (the \"Schaft Creek Project\") located in Tahltan Territory in northwestern British Columbia. The Schaft Creek Project covers 55,779.56 ha of mineral concessions, located approximately 60 kilometers (\"km\") south of Telegraph Creek near existing transportation and energy infrastructure. The effective date of the PEA is September 10, 2021, a technical report relating to the PEA will be filed on SEDAR within 45 days of this news release. The 2021 PEA will supersede all previous studies and incorporates the Updated Mineral Resource Estimate announced on March 22, 2021.The Schaft Creek Project is managed through the Schaft Creek Joint Venture (\"Schaft Creek JV\") formed in 2013 between Teck Resources Limited (\"Teck\") (75%) and Copper Fox (25%) with Teck being the Operator. The PEA was prepared by Tetra Tech Canada Inc. (\"Tetra Tech\") as the general contractor on behalf of Copper Fox in accordance with NI 43-101 standards (May 9, 2016), and CIM Definition Standards (May 19, 2014) with guidance from CIM Best Practice Guidelines (November 29, 2019). The results of the PEA are presented on a 100% project basis and in US$ unless stated otherwise. PEA Highlights Pre-Tax Net Present Value (\"NPV8\") of US$1.4 billion and Internal Rate of Return (\"IRR\") of 15.2% After-Tax NPV8 of US$842.1 million and IRR of 12.9%Average annual EBITDA(6) of US$695.4 million based on first 5 years(1) (Years 2-6) at full production, and US$10.8 billion Life of Mine (\"LOM\")Average annual Free Cash Flow (\"FCF\") before recovery of capital costs of US$633.4 million based on first 5 years(1) (Years 2-6) at full production and US$9.96 billion LOMNet Smelter Return (\"NSR\") of US$20.63 per tonne (\"t\")21-year Life of Mine (\"LOM\") producing approxi...