Celsius proves MCB economics
PERTH (miningweekly.com) – A scoping study into the MCB copper/gold project, in the Philippines, has confirmed a potential mine life of 25 years, delivering an average 16 000 t/y of copper-in-concentrate and 19 000 oz/y of gold-in concentrate.
ASX-listed Celsius Resources on Wednesday reported that the scoping study estimated an initial capital cost of $253-million to develop the project, which will have a plant throughput rate of 2.28-million tonnes a year.
The scoping study estimated a post-tax net present value of $464-million over the life of the project, and an internal rate of return of 31%, with a pay-back period of just under three years, based on a copper price of $4/lb and a gold price of A$1 695/lb.
“The scoping study results identified a potentially large and long mine life which has the potential to provide significant benefits to the company’s shareholders, the host communities and the Philippine economy in general,” said Celsius Philippine country operations director Peter Hume.
“The high-quality detailed study confirmed that the orebody can be mined via a standard underground mining method. Studies on mineral processing, tailings management, infrastructure, permitting and approvals, including environment and social impacts, indicated no significant impediments to developing the MCB project. Marketing feedback from commodity traders and smelters indicated that the lack of impurities makes the potential MCB copper/gold concentrate highly marketable.”
The company will immediately embark on the necessary work streams to convert the current exploration licence into a mining title, including submitting a declaration of mining project feasibility with the Philippine government.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points
VISIT SHOWROOM
We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
