Western Copper Announces Updated Pre-Feasibility Study on Casino Project
8.3 million ounces of gold and 4.4 billion pounds of copper plus molybdenum and silver in reserve Gold production increased to 435,000 ounces per year for the first 4 years After-Tax IRR 16.2% at long term metal prices After-Tax NPV (8%) $1.0 billion at long term metal prices Throughput increased to 120,000 tpd
Western Copper Corporation ("Western Copper" or the "Company") (TSX: WRN)(NYSE Amex: WRN) is pleased to release the results of an updated pre-feasibility study on its wholly-owned Casino copper-gold-molybdenum deposit in the Yukon. This study recommends that the project be built as an open pit mine and a mill processing 120,000 tonnes per day ("tpd") producing an average of 435,000 ounces of gold, 234 million pounds of copper, 13 million pounds of molybdenum, and 1.6 million ounces of silver per year over the first four years of production.
- Published: 07 April 2011
- Written by Editor