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Lion Copper and Gold Announces Pre-Feasibility Study Results for Brownfield Yerington Copper Project and Maiden Mineral Reserve
Base Case $4.30/lb copper, Post-Tax NPV (7%) $694 million and 14.6% IRR with payback at 6.7 yearsAdvancing Clear Path to Near-Term Production of U.S. Refined Co
About this update from Lion Copper And Gold Corp
[{"type":"text","content":" Base Case $4.30/lb copper, Post-Tax NPV (7%) $694 million and 14.6% IRR with payback at 6.7 yearsAdvancing Clear Path to Near-Term Production of U.S. Refined Copper Cathode Yerington, Nevada--(Newsfile Corp. - August 5, 2025) - Lion Copper and Gold Corp. (CSE: LEO) (OTCQB: LCGMF) (\"Lion Copper and Gold\" or the \"Company\") is pleased to announce the results of the Pre-Feasibility Study (PFS) for its wholly-owned Yerington Copper Project, located in Lyon County, Nevada. The PFS, completed pursuant to the provisions of National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\"), demonstrates and confirms the Project's potential as a significant refined copper cathode producer in the United States in the heart of the Yerington Copper District. The PFS was prepared by Samuel Engineering Inc., with input from independent Qualified Persons (QPs), and was fully funded by the Company's strategic partner, Nuton LLC, a Rio Tinto venture. In this news release, all dollar amounts are in United States dollars (\"$\") and imperial units are utilized. Highlights Sizeable and scalable open pit heap leach project Average annual production of 120 million pounds of refined copper cathode over a 12-year mine life, with a peak of 151 million pounds in Years 5-7. Proven and Probable Reserves of 506.5 million tons at 0.21% CuT, containing 2.14 billion pounds of copper. Excluding reserves, an additional Measured & Indicated Resource of 293.3 million tons at 0.18% CuT, containing 989 million pounds of copper and an additional Inferred Resource of 158.1 million tons at 0.14% CuT, containing 443.4 million pounds of copper. Strong copper recovery performance with an average of 67.4% LOM copper recovery from low-cost heap leaching - 73.2% copper recovery from sulfides using Nuton leach technology and 60% from oxides in a conventional heap leach. Extensive land holdings include patented and unpatented mining claims as well as private land adjacent to other significant copper deposits. The Project plans to spend approximately $70M to treat 43,000 acre-feet of Yerington Pit Lake water and release this water to the environment for multiple beneficial stakeholder uses in the Mason Valley. Benefits of the Project include utilizing disturbed land for mine infrastructure, zero discharge of water from copper processing opera...