Risk and valuation analysis of the Viscaria Project |
Status Risk : Advanced discovery |
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Title(s) of the Viscaria Project |
| Avalon Minerals Limited |
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Title | Company Profile | All Projects | Company website | Company project page |
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Location of the Viscaria Project |
The historic Viscaria Copper mine is located in the Norrbottens area of Northern Sweden, 4km from the 2.3 billion tonne (at 68% Fe) Kiruna mine, Sweden’s largest iron ore mine and the world’s second largest underground mine.
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History of the Viscaria Project |
The project was acquired by Phelps Dodge in 2003 after the mine had been closed and rehabilitated by Outokumpu. At the time of its closure, the spot copper price was approximately US$1.00/lb compared to a spot price of over US$3.60/lb today. Only minimal exploration and no drilling has been conducted at Viscaria since the mine closed in 1998.
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