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Deep-South's PEA Shows Robust Economics - Pre-Tax NPV US$977 Million; IRR 30.1% at $2.50 per Lb of Copper
(via TheNewswire) -- The deposit showed to be amenable to Bio-heap le...
About this update from Koryx Copper S.a.
[{"type":"text","content":"Deep-South's PEA Shows Robust Economics - Pre-Tax NPV US$977 Million; IRR 30.1% at $2.50 per Lb of Copper(via TheNewswire)\n \n \n\n\n--The deposit showed to be amenable to Bio-heap leaching; \n\n\n\n--Throughput of 20 Mtpa \n\n\n\n--Copper recovery of 80% \n\n\n\n--Production of 35,332 tpa copper cathodes and 51,080 tpa copper sulfate; \n\n\n\n--Copper price US $ 2.50 per lb: after-tax NPV US $ 611 million; IRR: 22.7%; \n\n\n\n--Low Capex at US $341 million; \n\n\n\n--Low-strip ratio at 1.41:1 \n\n\n\n--Pre-tax payback: 4.22 years, after-tax : 5.71 years; \n\n\n\n--Life of mine : 24 years. \n\n\n\n \n \nVancouver, B.C., Canada - TheNewswire - May 20, 2020 - Deep-South Resources Inc. (\"Deep-South\" or \"the Company\") (TSXV:DSM) (OTC:JAUGF) today announced that it has received the results of the updated Preliminary Economic Assessment (\"PEA\") from METS Engineering Group (\"METS\") on its Haib Copper Project in Namibia. \n\n \n \n\"We are thrilled with the updated PEA. By going with a heap leach treatment operation, we have been able to demonstrate robust economics to the Haib Copper Project. The past year metallurgical work enabled the project to show a potential low CAPEX and OPEX operation in a challenging copper price environment. With our recent Management nominations, we are well positioned to optimize and advance the project further.\" said Pierre Leveille, President & CEO of Deep-South.\n\n \n \n\"The updated PEA has set the scene for us to move towards a very exciting feasibility phase on Haib, with ever improving economics. The application of great technological advances in; geological exploration, mineral processing and extractive metallurgy will most likely see Haib rapidly becoming a global \"tier one\" copper project, with the right economics for development. We have a tremendous project team, in Namibia, South Africa and Australia, and I really look forward to working with our team in moving the project into its feasibility phase, and beyond\". said Paul Smith, COO, Deep South.\n\n \n \nThe PEA update was carried out to incorporate the results from the Mintek metallurgical test work program (2019 - 2020) and is based on the PEA report completed by METS in February 2018. This report presents the findings of the optimized PEA focussed on the heap leaching process route and is the only process technology option...