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Ero Copper Announces Vale do Curaga Property's Mill Expansion Update in Brazil

Mining News - Published on Mon, 14 Oct 2019

Image Source: steelguru.com
Ero Copper Corp announced the release of its 2019 updated National Instrument 43-101 Standards of Disclosure for Mineral Projects compliant mineral reserve and resource estimate along with updated life of mine production, capital and operating cost projections for a flexible and phased plan to return the Caraiba Mill to its original design capacity of 5.5 million tonnes per annum on its 99.6% owned Vale do Curaga Property located in Bahia State, Brazil.

Highlights of the 2019 mineral reserve and resource estimate include:
• A 106% increase in Proven and Probable mineral reserves to approximately 38 million
tonnes (containing 436,000 tonnes of copper) compared to the Proven and Probable mineral reserves set out in the 2018 Technical Report (as defined below), using the same copper price assumption of US$2.75 per pound;
• A 69% increase in Measured and Indicated mineral resources to approximately 72 million tonnes (containing approximately 894,000 tonnes of copper), inclusive of mineral reserves, as compared to the Measured and Indicated mineral resources set out in the 2018 Technical Report at the same geological cut-off grades;
• Updated LOM production plan increasing copper production by approximately 140,000 tonnes of copper as compared to the LOM production plan set out in the 2018 Technical Report;
• Pathway provided for a low-cost and phased mill expansion to return the mill to its original design capacity of 5.5 million tonnes per annum with a preliminary capital expenditure estimate of USD 63 million.

Source :

Posted By : Rabi Wangkhem on Mon, 14 Oct 2019
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