Miller Copper-Gold Property (Cam Copper Mine - Zone 2 Surgical Mining) PEA: $2M Capex Over a 2.58-Year Mine Life
Northstar Gold Corp.'s Miller Copper-Gold Property (Cam Copper Mine - Zone 2 Surgical Mining) in Ontario, Canada (18 km southeast of Kirkland Lake) has a Preliminary Economic Assessment (PEA) outlining initial capital of $2M. The proposed mine plan runs 2.58 years.
Northstar Gold Corp.'s Miller Copper-Gold Property (Cam Copper Mine - Zone 2 Surgical Mining) has reported Preliminary Economic Assessment (PEA) results for the copper project in Ontario, Canada (18 km southeast of Kirkland Lake). It reflects Northstar Gold Corp.'s (NSG.CN) latest disclosed economics for the asset.
Economics. Initial capital expenditure is estimated at $2M. Economics are based on $4.60/lb Cu (conceptual zone 2 surgical mine plan, see note).
Production and mine plan. The project envisions a surgical mining (large-diameter rotary drill holes from surface) operation. Life of mine is 2.58 years.
Resources and ownership. Mineral resources: Exploration Target only - 75,000 to 140,000 tonnes grading between 9% and 18% Cu, conceptual average 12% Cu (Cam Copper Zone 2). Not a mineral resource.. The company holds a 100% interest in the project. Royalties and streams: Up to $1.5M royalty-backed project financing discussed; investors receive up to 4X accrued investment paid from 50% of net free cash flow from Cam Copper.
These figures are extracted from Northstar Gold Corp.'s technical disclosures and reflect the most recent PEA 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.