Business
Norsemont Announces Results of Constancia Feasibility Study Optimization
Jan. 28, 2011 (Canada NewsWire Group) -- Capital Costs and Operating Costs within Expected R...
About this update from Norsemont Mining Inc.
[{"type":"text","content":"\n\n\n\n Jan. 28, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nCapital Costs and Operating Costs within Expected Range\nBase Case NPV (8%) $810M, IRR 23%\n\n\n(NPV and IRR after taxes, royalties, profit sharing and sunk costs)\n\n\n(All dollar amounts are in United States dollars unless otherwise\n indicated)\n\n\nShares Issued and Outstanding: 91,149,954               \nTSX: NOM\nBVL: NOM\n\n\nTORONTO, Ontario and LIMA, Peru, Jan. 28 /CNW/ - Norsemont Mining Inc.\n ("the Company") (TSX: NOM, BVL: NOM) today announced the results of the\n Feasibility Study optimization (FSO) on the Company's 100% owned\n Constancia Copper Project. Ausenco Solutions Canada Inc (Ausenco) led\n and prepared the FSO and related NI 43-101Technical Report.\n\n\n"The final results of the optimisation study are within the range\n previously announced by the Company on December 30, 2010," said Patrick\n Evans, CEO of Norsemont Mining. "The study delivers an economically\n robust, technically credible and environmentally sound development plan\n for the Constancia project."\n\n\nThe Constancia copper deposit is a large-scale porphyry deposit located\n in an established mining district in the highlands of Southern Peru\n with access to good infrastructure.  The FSO supports the development\n of a low-cost open pit mine with a nominal 70,000 tonnes per day (tpd)\n sulphide concentrator plant producin...