Engineering consultant, Lower Quartile Solutions Pty Ltd (LQS) was engaged to run provisional open pit optimisations using Whittle software on the Indicated portion of the Maitland Mineral Resource. The optimisations were run using a range of copper prices ranging from A$3,500 per tonne to A$10,000 per tonne. Cost parameters were provided by Glengarry and analysed by LQS to ensure they were robust estimates. The optimisation results indicate positive cash flows are possible from copper prices as low as A4000 per tonne. The Scoping Study assumes that ore will be transported to a mill up to 350 kilometres away and that limited infrastructure would be required on site.
I would love to see the complete report but i suppose that is not available to the public.
GGY Price at posting:
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