þ
|
All permits now received to commence mining in Q3 2015
|
þ
|
Management team with proven project development track record
|
þ
|
Supportive shareholders
|
þ
|
Low capital intensity brownfield project, with significant existing infrastructure, including processing facilities
|
þ
|
Significant potential to maximise returns through project optimisation
|
þ
|
Engineering study underway to determine the optimal path to increase production
|
·EMED Mining owns 100% of the Rio Tinto Copper Project through its wholly-owned subsidiary EMED Tartessus
·Past-producing open-pit copper mine in the Iberian Pyrite Belt, 65 km northwest of Seville
·Last operated in 2001, and placed on care and maintenance when copper price fell below US$1.00/lb
·Peak annual throughput of 9mtpa reached in 1998
·Low-risk brownfield refurbishment of existing infrastructure
·First production expected Q3 2015 - ramping to 5Mtpa ROM for 25ktpa Cu in concentrate (Phase 1)
·NI 43-101 Technical Report completed by Behre Dolbear in February 2013
·Low capital intensity project with PEA capex estimate of US$200m1
―Potential savings of US$50m targeted
·LOM strip ratio of 1.1 to 1
·C1 cash cost of $1.56/lb1
·Large reserve and resource base
·Open pit measured and indicated resources of 203Mt @ 0.46% Cu (based on a US$3.00/lb pit shell)
·Open pit proven and probable reserves of 123Mt @ 0.49% Cu (based on a US$2.00/lb pit shell)
·Drilling programme underway to upgrade resources to support expansion plans
To continue reading this noodl, please get the original version here.