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Copper Fox Files Schaft Creek Technical Report on SEDAR
Calgary, Alberta--(Newsfile Corp. - November 5, 2021) - Copper Fox Metals Inc. (TSXV: CUU)...
About this update from Copper Fox Metals Inc.
[{"type":"text","content":"Copper Fox Files Schaft Creek Technical Report on SEDARCalgary, Alberta--(Newsfile Corp. - November 5, 2021) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (\"Copper Fox\" or the \"Company\") is pleased to report that it has filed on SEDAR a National Instrument 43-101 (\"NI 43-101\") Technical Report (the \"Technical Report\") which includes the results of a preliminary economic assessment (\"PEA\") for the Schaft Creek copper-molybdenum-gold-silver porphyry project located in Tahltan territory in northwestern British Columbia (see news release dated September 20, 2021). The Schaft Creek Project is managed through the Schaft Creek Joint Venture (\"SCJV\") formed in 2013 between Teck Resources Limited (\"Teck\") (75%) and Copper Fox (25%) with Teck being the operator.The Technical Report, titled \"Schaft Creek Preliminary Economic Assessment (PEA), NI 43-101 Technical Report\", with an effective date of September 10, 2021, was prepared by H. Ghaffari. M.A.Sc., P.Eng., J. Huang, Ph.D., P.Eng., and S. Hafez, PhD., P.Eng., of Tetra Tech Canada Inc. (\"Tetra Tech\"), M. O'Brien, P.Geo. of Red Pennant Communications Corp. (\"Red Pennant\"), D. Friedman, P.Eng., of Knight Piésold Ltd. (\"KP\") and B. Masson, P.Eng., of McElhanney Consulting Services Ltd., (\"McElhanney\").PEA HighlightsMetal Price Assumptions: Cu: US$3.25/lb, Au: US$1,500/oz, Mo: US$10.00/lb, Ag: US$20.00/oz After-tax NPV8 of US$842.1 million and IRR of 12.9%EBITDA of US$10.8 billion life of mine (\"LOM\")Free Cash Flow US$9.96 billion LOMNet Smelter Return of US$20.63 per tonne21-year LOM producing approximately 5.0 billion pounds (\"lbs\") or 2.3 million tonnes copper, 3.7 million ounces (\"oz\") gold, 226.0 million lbs molybdenum and 16.4 million oz silver in concentrate133,000 tonne per day LOM nominal milling rate at 92% capacity processing 1.030 billion tonnes of mill feed LOM, representing approximately 60% of identified mineral resources Estimated Initial Capital Costs of US$2.653 billionSustaining Capital Costs of US$848.7 million which is inclusive of US$154.0 million Closure CostsOperating Costs are estimated to be US$8.66/t processedC1 Cost (net of by-product credits) US$1.00 per pound payable copper LOMAll in Sustaining Costs (\"AISC\") US$1.18 per pound payable copper LOMElmer B. Stewart, President and CEO of Copper Fox stated, \"The 2...