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Los Andes Copper Announces Positive PEA Results for Its Vizcachitas Project
After-Tax NPV8% of US$ 1.8 billion and IRR of 20.77% at US$ 3.00/lb Copper Payback period of...
About this update from Los Andes Copper Ltd.
[{"type":"text","content":"Los Andes Copper Announces Positive PEA Results for Its Vizcachitas ProjectAfter-Tax NPV8% of US$ 1.8 billion and IRR of 20.77% at US$ 3.00/lb CopperPayback period of 3.4 years from initial operations; 5.4 years from initial construction45 year mine life0.53% CuEq average headgrade to mill over first 5 years of operationC1 Cash Cost (net of by-product credits) of US$ 1.36/lb for first 8 years of operation; US$ 1.58/lb for LOM1,284 million tonnes of Measured and Indicated Resources with a 0.45% CuEq grade and 0.40% Cu grade (at 0.25% Cu cut-off grade) Vancouver, British Columbia--(Newsfile Corp. - June 5, 2019) - Los Andes Copper Ltd. (TSXV: LA) (\"Los Andes\", or the \"Company\") is pleased to announce the results of an updated Preliminary Economic Assessment (PEA) for its 100%-owned Vizcachitas Project, a copper-molybdenum porphyry deposit located in central Chile, approximately 150 km northeast from Santiago.The PEA was prepared by Tetra Tech Chile S.A. (Tetra Tech), a leading global provider of consulting and engineering services.The Project considers an open pit mine and concentrator plant that produces copper and molybdenum concentrates. The PEA evaluated three cases with mill throughputs of 55 ktpd, 110 ktpd and 200 ktpd. The 110 ktpd case has been recommended to advance into pre-feasibility. This case not only delivers the best economic results, with an After-Tax NPV8% of US$ 1.8 billion, an IRR of 20.77% and a payback period of 3.4 years, but also optimizes the mining and technical aspects for a mineral deposit of the size of Vizcachitas.Highights:Table 1To view an enhanced version of Table 1, please visit:https://orders.newsfilecorp.com/files/916/45346_8e6758fc0407e810_002full.jpg(*) Referred to first year of mill production. Payback period considers nominal cash flows.(**) Referred to the beginning of construction. Payback period considers nominal cash flows.NotesCopper equivalent grade has been calculated using the following expression: CuEq (%) = Cu (%) + 3.33 x Mo (%) + 82.6389 x Ag (%), using the metal prices: 3.00 USD/lb Cu, 10.00 USD/lb Mo and 17.00 USD/oz Ag. No allowance for metallurgical recoveries has been consideredSmall discrepancies may exist due to rounding errors.The quantities and grades of reported Inferred Mineral Resources are uncertain in nature and further exploration may not result in their upgrad...