Josemaria project in Argentina:
Located entirely within the San Juan Province of Argentina, the Josemaria project is expected to produce an average of 166,000 tonnes of copper, 331,000 oz of gold and 1.2 million oz of silver per year for the first three years. Over a 19-year mine life defined by the current Mineral Reserve estimate, average annual production is forecast to be 131,000 t of copper, 224,000 oz of gold and 1.0 million oz of silver at an average total cash cost of US$1.55/lb of copper equivalent.
Mineral Reserves are estimated by Josemaria Resources to be 1,012 Mt at an average grade of 0.30% copper, 0.22 g/t gold and 0.94 g/t silver, containing approximately 6.7 billion lb of copper, 7.0 million oz of gold and 30.7 million oz of silver estimated using a copper price of US$3.00/lb, gold price of US$1,500/oz and silver price of US$18.00/oz silver.
Compared to 2021 Schaft Creek PEA:
- 21-year LOM producing approximately 5.0 billion pounds (lbs) or 2.3 million tonnes copper, 3.7 million ounces (oz) gold, 226.0 million lbs molybdenum and 16.4 million oz silver in concentrate
- 133,000 tonne per day LOM nominal milling rate at 92% capacity processing 1.03 billion tonnes of mill feed LOM, representing approximately 60% of identified mineral resources
- All in Sustaining Costs for first 5 years (years 2-6) at full production of US$0.72 per pound payable copper and US$1.18 per pound payable copper LOM
- optimized strip ratio from 2.16:1 to 1:1
How does this compare? What would the price for this get us for Schaft? Its going thru environmental approvals in Argentina. No idea what kind of mess that is or how much the bribes cost there to navigate their system.
K
