Antler copper project, US – update
Photo by New World Resources
Name of the Project
Antler copper project.
Location
Arizona, US.
Project Owner/s
On May 21, Aim-listed miner Central Asia Metals (CAML) announced it would acquire exploration and development company New World Resources in a transaction valued at A$185-million. The acquisition gives CAML a 100% interest in the Antler project.
Project Description
The project proposes the development of a 1.2-million-tonne-a-year underground operation with a 12.2 year life, comprising 13.6-million tonnes at 1.6% copper, 3.7% zinc, 0.6% lead, 24.5 g/t silver and 0.26 g/t gold.
About 341 100 t of copper-equivalent metal will be payable over the life-of-mine, or 30 100 t copper equivalent a year.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 7% discount rate, of $636-million and an internal rate of return of 34.3%, with a payback of 3.3 years after tax.
Capital Expenditure
$298-million.
Planned Start/End Date
Production is targeted for 2027.
Latest Developments
Permitting is progressing and a definitive feasibility study is under way. The project is not bound by offtake agreements, providing flexibility as CAML considers financing options for development.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
CAML, tel +44 20 7898 9001 or email info@centralasiametals.com.
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