(All amounts in US$ unless otherwise indicated) Capstone Copper Corp. ('Capstone' or the 'Company') (TSX:CS) (ASX:CSC) today announced the results of a feasibility study ('FS') for its Mantoverde
Capstone Copper Corp. today announced the results of a feasibility study for its Mantoverde Optimized brownfield expansion project .
Capital for the processing plant of approximately $84 million reflects additional and/or upgrades to equipment, notably including pipes, pumps, flotation cells, cyclone feed pumps, electrical cabling, and other auxiliary infrastructure to debottleneck the plant. For a breakdown of annual capital expenditures, including sustaining and deferred stripping capital, please see Exhibit 1 at the end of this news release.The Mineral Reserves detailed below consider both oxide and sulphide mineralization as part of the Mantoverde Optimized study. Mantoverde is an open pit-mining complex where oxide ore is treated through both Heap and Dump leaching processes and recovered via conventional SX-EW plant to produce copper cathodes.
Mineral Resources were classified using a geometrical variation of the indicator method , which models expected errors and provides a confidence level for production volume estimates. This approach helps quantify the estimation errors in production volumes with a defined level of confidence. As currently envisioned, a smaller capacity countercurrent ion-exchange plant will initially treat cobalt by-product streams from Mantoverde producing up to 1,500 tonnes per annum of cobalt, and following sanctioning of the Santo Domingo project, the facility will be expanded to accommodate by-product streams from Santo Domingo.
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