Latest updates from the mining sector
EraNova Metals Corp.'s Adanac Molybdenum Project in Atlin, British Columbia, Canada has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of C$715M, an after-tax IRR of 23.5%, and initial capital of C$953M. The mine plan runs 24 years at about 11.4 Mlb Mo per year.
Camino Minerals Corporation's Puquios in Coquimbo Region, Chile (~130 km NE of La Serena) has a Pre-Feasibility Study (PFS) outlining an after-tax NPV of $118M, an after-tax IRR of 23.4%, and initial capital of $142M. The mine plan runs 14.2 years at about 8.8 kt Cu (avg years 1-8) per year.
Grit Metals Corp.'s Keliber Lithium Project (Sibanye-Stillwater) - benchmark in Finland, Kaustinen has a Feasibility Study outlining initial capital of $700M. The mine plan runs 16 years at about 15000 t LiOH per year.
Aclara Resources Inc.'s Metals & Alloys (Port Vinton, Louisiana) in United States, Louisiana (Port Vinton) has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of $203M, an after-tax IRR of 25%, and initial capital of $149M.
Aclara Resources Inc.'s Project Dynamo (Separation, Port Vinton, Louisiana) in United States, Louisiana (Port Vinton) has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of $773M, an after-tax IRR of 27.9%, and initial capital of $494M.
Avalon Advanced Materials Inc.'s Lake Superior Lithium Project (Thunder Bay Lithium Processing Facility) in Thunder Bay, Ontario, Canada has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of C$4.10B, an after-tax IRR of 48%, and initial capital of C$1.30B. The mine plan runs 30 years at about 30000 t LiOH per year per year.
Hudbay Minerals Inc.'s Copper World in Arizona, United States (approx. 50 km southeast of Tucson) has a Feasibility Study outlining an after-tax NPV of $1.24B, an after-tax IRR of 16.8%, and initial capital of $2.07B. The mine plan runs 15 years at about 102000 t Cu (avg years 1-10) per year.
Hudbay Minerals Inc.'s Copper World – Extension Case in Arizona, United States (includes unpatented lode and mill site claims / federal lands from year 10) has a Pre-Feasibility Study (PFS) outlining an after-tax NPV of $2.51B, an after-tax IRR of 18.8%, and initial capital of $2.07B. The mine plan runs 37 years at about 101000 t Cu (avg years 1-10); 117,000 t years 11-20 per year.
Hudbay Minerals Inc.'s Copper World (Base Case) in United States, Arizona (approx. 50 km southeast of Tucson) has a Feasibility Study outlining an after-tax NPV of $1.24B, an after-tax IRR of 16.8%, and initial capital of $2.07B. The mine plan runs 15 years at about 102000 t Cu (first 10 years); 84kt yrs 1-5, 120kt yrs 6-10, 95kt LOM avg per year.
Teck Resources Limited's Highland Valley Copper Mine Life Extension (HVC MLE) in Canada, British Columbia has an economic study outlining initial capital of C$2.40B.
Giga Metals Corp.'s Turnagain Nickel-Cobalt Project in Northwest British Columbia, Canada has a Pre-Feasibility Study (PFS) outlining initial capital of $2.00B. The mine plan runs 30 years at about 37000 t/y Ni + Co per year.
Hot Chili Limited's Huasco Water - Stage 2 (Desalinated Water Supply to Huasco Valley) in Chile, Atacama Region, Huasco Valley has a Pre-Feasibility Study (PFS) outlining an after-tax NPV of $977M, an after-tax IRR of 19%, and initial capital of $1.40B.
Hot Chili Limited's Huasco Water - Stage 1 (Seawater Supply to Costa Fuego) in Chile, Atacama Region, Huasco Valley has a Pre-Feasibility Study (PFS) outlining an after-tax NPV of $122M, an after-tax IRR of 19%, and initial capital of $151M.
FireFly Metals Ltd.'s Green Bay Copper-Gold Project - Ming Deposit (4.6Mtpa Upscaled Case) in Newfoundland and Labrador, Canada has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of A$3.00B and an after-tax IRR of 39%. The mine plan runs 22 years at about 100 ktpa CuEq per year.
FireFly Metals Ltd.'s Green Bay Copper-Gold Project - Ming Deposit (1.8Mtpa Case) in Newfoundland and Labrador, Canada has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of A$2.20B, an after-tax IRR of 41%, and initial capital of A$514M. The mine plan runs 32 years at about 50 ktpa CuEq per year.
Cleveland-Cliffs Inc.'s Butler Works GOES Expansion in Butler, Pennsylvania, USA has an economic study outlining initial capital of $200M.
Cleveland-Cliffs Inc.'s Middletown Works Energy Optimization Project in Middletown, Ohio, USA has an economic study outlining initial capital of $500M.
Puma Exploration Inc.'s Legacy Copper Deposit (Mount McInnes / Murray Brook Minerals) in Northern New Brunswick, Canada has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of C$171M and an after-tax IRR of 36%.
Fortune Bay Corp.'s Goldfields Project (Box & Athona) in Saskatchewan, Canada has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of C$610M, an after-tax IRR of 44%, and initial capital of C$301M. The proposed mine plan runs 14 years.
Mont Royal Resources Ltd.'s Ashram Rare Earth & Fluorspar Project in Nunavik, Quebec, Canada (approx. 130 km south of Kuujjuaq) has a Preliminary Economic Assessment (PEA) outlining initial capital of C$1.20B. The proposed mine plan runs 30 years.