Business
Los Andes Copper Announces Positive PFS for Vizcachitas with a US$2.77 Billion Post-Tax NPV and 24% IRR
Vancouver, British Columbia--(Newsfile Corp. - February 23, 2023) - Los Andes Copper Ltd. (TSXV: ...
About this update from Los Andes Copper Ltd.
[{"type":"text","content":"Los Andes Copper Announces Positive PFS for Vizcachitas with a US$2.77 Billion Post-Tax NPV and 24% IRRVancouver, British Columbia--(Newsfile Corp. - February 23, 2023) - Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) (\"Los Andes\" or the \"Company\") is pleased to announce the results of a positive Pre-Feasibility Study (\"PFS\") at its 100% owned Vizcachitas Project (\"Vizcachitas\" or the \"Project\"), a world class porphyry copper project, located 150 km north of Santiago. The PFS has been prepared by Tetra Tech Sudamérica S.A, a leading international engineering firm. A conference call and webcast to discuss these results will be held on Friday, February 24, 2023, at 12.00 p.m. Eastern Standard Time. To register please contact [email protected] whereafter the webinar details will be sent to you. All values in this release are reported in US dollars. To view a 3D VRIFY presentation of the PFS results, click on the following link: https://vrify.com/decks/12765Vizcachitas PFS Highlights Robust Economics A $2.8 billion post-tax net present value (\"NPV\") using an 8% discount rate and an internal rate of return (\"IRR\") of 24% at $3.68/pound (\"lb\") copper, $12.9/lb molybdenum and $21.79/ounce (\"oz\") silver. Pre-production capital cost of $2.4 billion, with a construction period of 3.25 years.Payback period of 2.5 years from initial production. World-Class Resource Proven & Probable Reserves of 1.22 billion tonnes at 0.36% copper, 136 ppm molybdenum, 1.1 g/t silver, which equates to a copper equivalent (\"CuEq\") grade of 0.41% (Proven Reserves of 302 million tonnes at 0.41% copper, 135 ppm molybdenum, 1.2 g/t silver; and Probable Reserves of 917 million tonnes at 0.34% copper, 136 ppm molybdenum, 1.1 g/t silver). Measured & Indicated Resources increased by 16% to 14.8 billion lbs CuEq (Measured Resource of 2.605 billion lbs copper, 84 million lbs molybdenum and 11 million oz silver, and Indicated Resource of 10.416 billion lbs of copper, 442 million lbs of molybdenum, and 43 million oz of silver) and Inferred Resource increased by 130% to 15.4 billion lbs CuEq (13.747 billion lbs copper, 495 million lb molybdenum, 55 million oz silver) with respect to the June 2019 Preliminary Economic Assessment (\"PEA\"). Long-Scale, Long-Life, High-Margin Production Average annual production of approximately 18...