| 1 |
Feasibility Study
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- PFS completed (July 2024); DFS underway with metallurgical test work ongoing.
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- Consistent with development timelines for high-grade projects.
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- Early PFS outcomes indicate the project has strong economic potential, providing a solid base for DFS refinement.
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| 2 |
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- Early findings indicate robust economics for high-grade production.
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- Accelerating DFS workstreams, including mine design and permitting, is crucial for meeting the 2027 production target.
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| 3 |
CapEx
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- Estimated cost of plant, tailings, and infrastructure not disclosed.
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- Typical CapEx: $150M–$500M for high-grade underground copper projects.
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- CapEx estimates will need transparency in the DFS stage to build market confidence and assess funding requirements.
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| 4 |
OpEx
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- Operating metrics (e.g., AISC, C1 costs) not disclosed but expected to be low given Cu-Equivalent grade.
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- Benchmark: AISC for Cu $2.5/lb.
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- The high Cu-equivalent grade suggests a competitive cost structure, making the project resilient to commodity downturns.
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| 5 |
Breakeven Price
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- Cu: $9,259/t, Zn: $2,712/t, Pb: $2,205/t, Ag: $25/oz, Au: $2,055/oz.
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- Break-even likely competitive; industry average Cu: $7,500/t.
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- Break-even prices highlight strong project economics, with substantial room for profitability in the current market.
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| 6 |
Limitations
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- Lack of detailed OpEx and CapEx figures in public disclosures.
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- Requires transparency to ensure investor confidence.
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- Additional cost sensitivity analyses will be critical for demonstrating economic robustness to stakeholders.
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(20min delay)