Hugo North Extension (HNE) Lift 1 Feasibility Study: $185M NPV Over a 17-Year Mine Life
Entrée Resources Ltd.'s Hugo North Extension (HNE) Lift 1 in Mongolia, Oyu Tolgoi has a Feasibility Study outlining an after-tax NPV of $185M. The proposed mine plan runs 17 years.
Entrée Resources Ltd.'s Hugo North Extension (HNE) Lift 1 has reported Feasibility Study results for the copper-gold-silver project in Mongolia, Oyu Tolgoi. The study headlines an after-tax net present value of $185M. It reflects Entrée Resources Ltd.'s (ETG.TO) latest disclosed economics for the asset.
Economics. The after-tax NPV is $185M. All-in sustaining costs are pegged at 1.26 USD/lb payable Cu. Economics are based on Copper $3.25/lb, Gold $1,591.00/oz, Silver $21.08/oz.
Production and mine plan. The project envisions an underground (block cave) operation. Life of mine is 17 years. Average head grade is 1.5% Cu, 0.53 g/t Au, 3.6 g/t Ag.
Resources and ownership. Mineral reserves: 40 Mt Probable @ 1.5% Cu, 0.53 g/t Au, 3.6 g/t Ag; 1,340 Mlb Cu, 676 koz Au, 4,613 koz Ag contained. The company holds a 20% interest in the project.
These figures are extracted from Entrée Resources Ltd.'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.