Copperwood Feasibility Study: $168M NPV, 17.6% IRR
Highland Copper Company Inc.'s Copperwood in Michigan, USA has a Feasibility Study outlining an after-tax NPV of $168M, an after-tax IRR of 17.6%, and initial capital of $391M. The mine plan runs 11 years at about 30 ktpa Cu per year.
Highland Copper Company Inc.'s Copperwood has reported Feasibility Study results for the copper project in Michigan, USA. The study headlines an after-tax net present value of $168M at a 8% discount rate. It reflects Highland Copper Company Inc.'s (HI.V) latest disclosed economics for the asset.
Economics. The after-tax NPV is $168M using a 8% discount rate. After-tax IRR is 17.6%. Initial capital expenditure is estimated at $391M. The study models a payback period of 3.5 years. Economics are based on $4.00/lb Cu (base case), also shown at $5.00/lb and $6.00/lb.
Production and mine plan. The project envisions an underground operation. Life of mine is 11 years. Average annual production is approximately 30 ktpa Cu. Average head grade is 1.45% Cu. Metallurgical recovery averages 86%.
Resources and ownership. Mineral reserves: Proven & Probable: 25.7 Mt at 1.45% Cu, 3.91 g/t Ag, containing 820 Mlbs Cu, 3.2 Moz Ag. Mineral resources: M&I: 54.2 Mt at 1.51% Cu (1.8 billion lbs Cu); Inferred: 79.1 Mt at 1.09% Cu (1.9 billion lbs Cu). Total: 3.7 billion lbs Cu resource. Royalties and streams: Sliding scale 4.0% NSR royalty to leaseholders; 1.5% NSR royalty to Osisko Gold Royalties Ltd.; additional 11.5% silver mineral royalty payable to Osisko Stream Royalties.
These figures are extracted from Highland Copper Company Inc.'s technical disclosures and reflect the most recent Feasibility Study on file. Compare this project against other developers and producers in our project economics database, and always verify the numbers against the original technical report before making any investment decision.