Ann: 28.4% increased Nifty Copper MRE to 940,200t copper metal, page-82

First 82 Last

Share
Profile

Follow
DDBB

1,436 Posts.

702

09/06/22

15:04

Post #: 61920997
Share

Originally posted by Frangipani8: ↑

I just read the Evolution Apr report
It said that the past owner was Aditya Birla Minerals Ltd.
In India , Aditya Birla is parent of Hindalco Industries Limited. Its copper smelter is one of the world’s largest custom smelters at a single location

the then owner was focused on producing a copper concentrate fromthe underground mine to feed its smelter located in India.N they left behind 17.16 Mt @ 0.53% Cu (~91,000 tonnes of copper metal in the heap leach)
91000 ton Cu x 85% X US$9000 = US$696m
at 85% recovery = 77,000 ton of copper.

This ores in the heap leach will be the low lying fruit to pick first for CYM.
CYM only need to recrush ores to 20 mm size N move these ores to the new heap leach location.
The sized, crushed, and screened material will be transferred to an agglomerationunit before being stacked to a height of 6m.This revenue should helps pay down the $250m finance.

Expand

Hey Fran, yeah I think it was Birla that went underground. Baz has always said this was a bad decision - 'always should have been an open pit ' I think we're his words.

Not sure of what they will do with the old heap leach material. Might blend it with slightly better grade just to get a better yield. They might use that ore for the commissioning stage as well. All to come.

Cheers

CYM Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

BGL

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

MM1

Geochemical work at Newington picks up gold and copper anomalies for Midas

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

PEC

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil