Little Eva
Definitive Feasibility Study (DFS)
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Bankable DFS by GR Engineering Services (GRES). Costs refreshed in February 2014
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Focused on 5 simple sulphide deposits of which Little Eva is the largest
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JORC 2012 compliant resources and reserves
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Straightforward open pit mining and simple processing for 11 years
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Clean copper-gold concentrate
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Native title, environmental permits and mining leases all in place
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Low capital intensity
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7 ‘copper-only’ deposits excluded
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Project Life |
11 years |
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Throughput |
7million Tonnes per annum |
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Copper Grade (excluding stock piles) |
0.6 % |
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Gold Grade |
0.1 g/t |
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Copper Production |
38,800 Tonnes per annum |
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Gold Production |
17,200 Ounces per annum |
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Capital Expenditure |
AUD$294 million |
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Life of Mine Revenue |
AUD$2,931 million |
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Project NPV (7.5% pre-tax real) |
AUD$346 million |
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Internal Rate of Return |
29% |
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C1 Cash Cost |
1.65 US$ per pound copper |
Little Eva is a Large Deposit
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Little Eva is the largest deposit, DFS includes 3 satellite deposits: Ivy Ann, Lady Clayre and Bedford
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Little Eva Resource: 546kt contained copper and 295koz contained gold
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Pit is 1.3km long, up to 370m wide, 240m deep
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Low strip ratio of 1.8:1 after pre-strip
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Reserves: 70.6Mt ore @ 0.57% copper; 0.08g/t gold
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Contract mining fleet delivering 7Mtpa to adjacent plant
- Conventional drill and blast
- 12 x 136t trucks
- 2 x 250t excavators
