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World Copper Announces Compelling Results for Escalones PEA; US$1.5 Billion Post-Tax NPV8 and 46.2% IRR
Webcast & conference call March 22, 2022, 8:00AM PST Vancouver, British Columbia--(Newsfi...
About this update from World Copper Ltd
[{"type":"text","content":"World Copper Announces Compelling Results for Escalones PEA; US$1.5 Billion Post-Tax NPV8 and 46.2% IRRWebcast & conference call March 22, 2022, 8:00AM PSTVancouver, British Columbia--(Newsfile Corp. - February 15, 2022) - World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) (\"World Copper\" or the \"Company\"), announces the results of the independent Preliminary Economic Assessment (\"PEA\") for its flagship Escalones project in Central Chile (\"Escalones\" or the \"Project\"). All values in this news release are reported in U.S. dollars unless otherwise noted.PEA HIGHLIGHTS:$1,499.6 million Post-Tax NPV8 at $3.60 /lb. Life of Mine (\"LOM\") (20 years) copper pricePost-Tax IRR of 46.2% and Payback of 2.18 years$2,279.1 million pre-tax NPV8, Pre-Tax IRR of 63.9%$1,822.4 million Post-Tax NPV8 at US$4.00 /lb. LOM copper pricePost-Tax IRR of 53.6% and Payback of 1.95 years$2,769.8 million pre-tax NPV8, Pre-Tax IRR of 75.0%Initial Capital (CAPEX) cost of $438.4 million (from construction decision)Profitability Index (NPV / CAPEX) at $3.60 /lb. of 3.44XCapital Intensity Index (Initial CAPEX / Cu production in tonnes); First 5-years $7,756 /t Cu; LOM $8,416 /t Cu First 5 years average annual copper production of 124.7 Mlbs. (56,520 tonnes); LOM average 114.9 Mlbs. (52,131 tonnes) First 5-years average C1 (Cash Operating) costs of $1.13 /lb. Cu; LOM average C1 costs $1.19 /lb. Cu First 5 years average annual EBITDA $290.8 million; LOM average annual EBITDA $265.1 million LOM Sustaining Capital of $192.5 million First 5-years average All-In Sustaining Cost (AISC) of $1.28 /lb. Cu; LOM average AISC of $1.42 /lb. Cu 365.8 Mt of heap leach tonnes mined and processed over a 20-year LOM in a conventional open pit mining operationFirst 5-years average grade 0.49% Cu; LOM average grade 0.38% Cu LOM strip ratio of 1.12 of waste to heap leach tonnesLOM cutoff grade of 0.17% CuConventional heap leach, SX-EW processing facilities, targeting 50,000 tonnes of heap leach tonnes placed per dayEstimated average heap leach recoveries of 72.5% Recommendations for work that may lead to potential for further improvements to the Project including:Expansion and improvement of the existing Escalones Mineral Resource Estimate through further exploration of the total 16,189-hectare land packageImprovement and refinement of metallurgical recoveries and processes t...