- Write by:
-
Tuesday, September 10, 2024 - 14:23:16
-
45 Visit
-
Print
Cyprium Metals has boosted the economics of its Nifty copper complex following an updated geotechnical study conducted by its technical partner, MEC Mining.
Re-optimisation of the new Nifty surface mine has reduced the strip ratio, preserved key infrastructure, reduced the mine footprint and extended the mine life to over 20 years.
“A number of positive outcomes (have been achieved): better economics, reduced footprint, and importantly the ability to continue to generate revenue from the cathode plant throughout the life of the surface mine,” Cyprium executive chair Matt Fifield said.
“The updated mine optimisation is a material development for Cyprium and is a result of following a thoughtful mine development sequence from end-to-end.”
The updated mine optimisation has lowered the concentrator-only strip ratio by 25 per cent to 7.3:1 from 9.7:1, as estimated in the May 2024 scoping study.
Cyprium chief operating officer Colin Mackey said the smaller footprint lessens the total material movements, increases the speed to first ore, and improves overall site interactions and operational flexibility given the extended preservation of SX-EW infrastructure.
Fifield said Cyprium has been methodically strategising the mine.
“One of development sequencing trade-offs we have been thinking through in the background is the interaction between the surface mine and the cathode plant,” Fifield said.
“Previously, this meant that while the cathode restart was low complexity and likely very profitable, it also had an uncertain life depending on Cyprium’s ability to progress the new surface mine quickly.”
Cyprium will incorporate this updated data into its restart planning and pre-feasibility study (PFS), with an updated reserve expected in October 2024.
- copper
- Source: Australian Mining
Short Link:
https://www.miningnews.ir/En/News/629024
Canadian miner First Quantum Minerals has opened a voluntary retirement scheme to workers at the Cobre Panama mine, two ...
Mining News Pro - The CEO of the National Iranian Copper Industry Company announced a 25% increase in the nominal ...
Ivanhoe Electric (NYSE American: IE) (TSX: IE) said on Monday the preliminary feasibility study (PFS) for its Santa Cruz ...
Ivanhoe Mines is expanding its exploration footprint into another top 10 copper-producing nation, with a view of ...
The mining industry is currently one of the most significant contributors to planet-warming emissions — but it’s on ...
A Chinese state-owned company will finalize an agreement to take over the concession of a railway that links Zambia’s ...
Rio Tinto Kennecott has announced a $450,000 partnership with Utah State University’s Janet Quinney Lawson Institute for ...
Greatland Gold has confirmed it has entered into negotiations with Newmont for the potential acquisition of the Telfer ...
Anax Metals and Artemis Resources have signed a memorandum of understanding (MoU), marking the formation of a copper ...
No comments have been posted yet ...