"A standalone mine processing 1.2 Mtpa is now the sole focus for the Pedra Branca PFS, with modelling initially targeting 24,000 tpa copper in concentrate. It is expected that the PFS will support a management decision to immediately commence a Definitive Feasibility Study, which would also include a drill out of the Pedra Branca East deposit and declaration of JORC compliant reserves. Although with substantial changes to the scope and dimensions of the PFS, work is very advanced and will be released in May 2017"
AVB Price at posting:
11.0¢ Sentiment: None Disclosure: Held