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ACQUIRED BY CHINA MINMETALS AND JIANGXI COPPER
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Northern Peru Copper Corp.
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EXPLORATION STAGE |
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CODE : NOC.TO |
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ISIN : CA6656041044 |
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| Last quotes and information before delisting |
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| Prev close |
Open |
Low |
High |
Volume |
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13.68
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13.73 |
13.73 |
13.75 |
1,070 |
| Year l/h |
YTD var. |
52 week l/h |
52 week var.
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1 month var.
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-
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- |
- -
13.73
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-% |
-% |
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| Shares Oustanding | Shares Fully Diluted |
| 31,083,893 | - |
| Mkt Cap Oustanding | Mkt Cap Fully Diluted |
| 426,781,851 | 400,812,229 |
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| Explores for |
Copper - Gold - Molybdenum - Silver
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======================================================================
Amended Md&A - 2007 Annual Report
======================================================================
NR:07-16
Vancouver, British Columbia -- Northern Peru Copper Corp. ("NOC" or the
"Company") announces that it is amending its Management Discussion and
Analysis ("MD&A") for the year ended June 30, 2007 and its 2007 Annual
Report. Specifically, the Company is amending a typographic error that
appears in a footnote associated with a table highlighting the results
of the Prefeasibility Study completed on the Company's Galeno
copper/gold/molybdenum/silver project. Although the MD&A and the 2007
Annual Report contain this typographic error, the correct information
has been previously provided in the Company's press release dated
January 10, 2007 and again in the Company's 2007 Annual Information
Form.
The MD&A and the 2007 Annual Report contains the following table:
Prefeasibility Study
NPV (after tax, 8% discount rate) $560 million (1)
IRR (after tax) 18.20%
Initial Capital Expenditure $976 million
LOM C-1 Cash Costs (net by-product credits) $0.513/lb Cu mined
Mill Capacity 90,000 tpd
Annual Throughput 32.4 million tonnes
Mine Life 20.4 years
Strip Ratio 0.28:1(2)
LOM average annual
copper-in-concentrate production 144,000 tonnes
First 5 Years average annual
copper-in-concentrate production 202,000 tonnes
First 8 years average annual gold production 103,000 ounces
(1) based upon US$1.20 copper, $425 gold, $6.50 silver and $10
molybdenum prices, $100 treatment charge and $0.07 refining charge.
(2) includes 55 million tonnes of in-pit Inferred Resources categorized
as waste. Excluding Inferred Resources decreases the strip ratio to
0.18:1.
Footnote (1) to the above table incorrectly states the metal prices and
treatment charges used in determining the net present value, internal
rate of return and C-1 life of mine cash costs for the project. The
correct footnote should read as follows:
(1) based upon US$1.35/lb copper, $475/oz gold, $8.50/oz silver and
$10/lb molybdenum prices, $93/tonne treatment charge and $0.08/lb
refining charge.
The Company is refilling its MD&A and its 2007 Annual Report to reflect
the correction noted above.
Northern Peru Copper Corp
Signed: "Marshall Koval"
Marshall Koval, CEO & President
For further information contact:
David Strang, VP Corporate Development
dstrang@northernperu.com
tel: + 604 687 0407
fax: + 604 687 7041
CAUTION REGARDING FORWARD LOOKING STATEMENTS: Safe Harbor Statement
under the United States Private Securities Litigation Reform Act of
1995: Except for the statements of historical fact contained herein,
the information presented constitutes "forward-looking statements"
within the meaning of the Private Securities Act of 1995. Such
forward-looking statements, including but not limited to those with
respect to the price of copper, gold and molybdenum, the timing and
amount of future production, metallurgical recoveries, costs of
production, reserve and resource determination and reserve conversion
rates, involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievement of the
Company to be materially different from any future results, performance
or achievements expressed or implied by such forward-looking
statements. Such factors include, among others, risks relating to the
integration of acquisitions, risk relating to international operations,
risks relating to joint-venture operations, the actual results of
current exploration activities, conclusions of economic evaluations,
changes in project and exploration parameters as plans continue to be
refined, future prices of copper, gold and molybdenum, as well as those
factors discussed in the section entitled "Risk Factors" in the Form
20-F as on file with the Securities and Exchange Commission in
Washington, D.C. Although the Company has attempted to identify
important factors that could cause actual results to differ materially,
there may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such statements
will prove to be accurate as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements.
======================================================================
Copyright (c) 2007 NORTHERN PERU COPPER CORP. (NOC) All rights
reserved. For more information visit our website at
http://www.northernperu.com/ or send mailto:info@northernperu.com
======================================================================
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