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Nevsun completes prefeasibility at Timok



Nevsun Resources (TSX: NSU; NYSE-AM: NSU) has a busy year ahead. In early April, the mid-tier base metals company released a prefeasibility study for the Cukaru Peki Upper Zone, part of its 213 sq. km Timok copper-gold project near Bor, Serbia.

This year, it intends to start work on a feasibility study, continue exploring and calculate a resource estimate on its joint-ventured Cukaru Peki Lower Zone.

According to the new study, Nevsun could produce 1.7 billion lb. payable copper over a 10-year mine life at Timok’s Upper zone via sub-level caving. The project would require US$574 million in pre-production capital and a conventional plant capable of producing 3.25 million tonnes per year of copper concentrate. It has an after-tax net asset value of US$1.8 billion at an 8% discount rate and an 80% after-tax internal rate of return.

Continue reading at The Northern Miner.