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COPPER copper futures

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$2.71

Pretty dire really looking at that list. Taking out producers...

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FiendishRedbeard

9,111 Posts.

908

24/02/20

07:30

Post #: 43102719

Originally posted by Clark888: ↑
Based on the @Goldbull22 recommendation, I checked out Aeon Metals Limited's (ASX: AML) 25 November 2019 AGM presentation that included a reference on Slide 16 to a number of other ASX Listed company copper projects that I thought others on this forum might be interested in.

http://www.aeonmetals.com.au/wp-content/uploads/2019/11/2019-Nov-25-AGM-Presentation.pdf

Keys to the AML 25 November 2019 AGM presentation slide 16 (below): for each project’s column, read off on LHS scale [capital intensity (US$/tpa CuEq production)]; the green triangle on top of each project’s shaded column, read off on RHS scale [Mine Life (years)]; the number on top of each project’s shaded column represents initial CAPEX for each project [in US$ millions (A$/US$ assumed at 0.70)]:

View attachment 1917151

For those that are interested, I have sourced some additional information on the projects listed on the Slide 16:

Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Column 9 Column 10
1 ASX Code Market Cap $M (3/1/20) Project Country Open Pit or Underground Status Minerals JORC Website Notes
2 KGL 70 Jervois Australia (NT) OP & UG EIS Cu Ag (Pb) Mineral Resource https://www.kglresources.com.au/projects/2-jervois-base-metal/4-project-overview
3 SFR 1,068 DeGrussa Australia (WA) UG Producing Cu Au Ore Reserve https://www.sandfire.com.au/site/Business/sandfire-apac/degrussa-operations
4 SOL 5,192 Stockman Australia (VIC) UG Feasibility Study Cu Zn Ag Ore Reserve https://earthresources.vic.gov.au/community-and-land-use/key-site-updates/stockman-project
5 HAV 27 Kalkaroo Australia (SA) OP Pre-feasibility Study Cu Au (Co Mineral Resource) Ore Reserve https://www.havilah-resources.com.au/operations/kalkaroo/
6 AML 115 Walford Creek Australia (QLD) OP & UG Scoping Study Cu Co Ag Pb Zn Mineral Resource http://www.aeonmetals.com.au/wp-content/uploads/2019/11/2019-Nov-25-AGM-Presentation.pdf
7 OZL 3,449 West Musgrave Australia (WA) OP Pre-feasibility Study Cu Ni Mineral Resource https://www.ozminerals.com/operations/west-musgrave/
8 OZL 3,449 Pedra Branca Brazil UG Feasibility Study Cu Au Ore Reserve https://www.ozminerals.com/operations/pedra-branca/
9 MOD See SFR Rhino Botswana OP Feasibility Study Cu Ag Ore Reserve https://www.sandfire.com.au/site/Business/sandfire-emea/Tshukudu-Operations MOD was taken over by SFR for $167M during 2019
10 XAM 25 Khamagtai Mongolia OP Scoping Study Cu Au Mineral Resource http://www.xanadumines.com/irm/content/kharmagtai.aspx?RID=368
11 C6C 162 Eva (Conclurry) Australia (QLD) OP Feasibility Study Cu Au Ore Reserve https://www.cumtn.com/operations/eva-copper-project/overview/ Altona (which held the Eva Copper Project) merged with CMMC for $93M during 2018
12 OZL 3,449 Carrapateena Australia (SA) UG Ramp Up Cu Au Ore Reserve https://www.ozminerals.com/operations/carrapateena-project/ Acquired during 2011 for $300M from Rudy Gomez (58%), his mates (8%) and Teck Australia (34%)
13 RXM 22 Hillside Australia (SA) OP Extended Feasibility Study Cu Au Ore Reserve https://www.rexminerals.com.au/projects
14 CVV 6 Caravel Australia (WA) OP Feasibility Study Cu Mo Mineral Resource https://caravelminerals.com.au/feasibility/
15 HCH 62 Productora Brazil OP Pre-feasibility Study Cu Au Mo Ore Reserve https://www.hotchili.net.au/projects/productora/
16 NCM 22,200 Wafi-Golpu PNG UG Feasibility Study Cu Au Ore Reserve https://www.wafigolpujv.com/project 50:50 JV between Newcrest and Harmony
In my opinion, there are not that many undeveloped copper projects with JORC Ore Reserves. When copper eventually surges, due to the worldwide move to 'electrification of transport' and the 'decarbonisation of stationary power', these projects and/or the Company that holds it stand a good chance of M&A action.

Cheers

These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
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Pretty dire really looking at that list. Taking out producers there are a bunch of leverage plays and a few utter dogs.

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