Chariot Resources Announces Results of Positive Mina Justa Feasibility Study
- Mina Justa pre-tax NPV US$616.2 million - Cash Costs US 88.5 cents per pound Cu - Value C$0.86 Per CHD Share
Chariot Resources Limited ("Chariot") (TSX: CHD) is pleased to announce the results of the Feasibility Study (FS) for the Mina Justa project, located at the Company's 70% owned Marcona Copper Property in Peru. The FS was prepared by GRD Minproc Limited (GRD Minproc) and a consortium of prominent international consultants. An NI 43-101 compliant Independent Technical Report will be filed on SEDAR within 45 days.
Using a price of US$ 2.00/lb for copper and a discount rate of 8%, the pre-tax Net Present Value (NPV) of the Mina Justa project is US$616.2 million on a 100% equity basis, with an internal rate of return (IRR) of 19.9%. The weighted average C1 all-in cash operating cost over the life of the mine is US 88.5 cents per pound of payable copper produced.
- Published: 23 April 2009
- Written by Editor