PERU - The pre-feasibility study of the Toromocho project points toward a viable copper-molybdenum producer, says Vancouver-based PERU COPPER. At an estimated average annual production rate of 272,788 tonnes of copper and 5,387 tonnes of molybdenum for 21 years, the Toromocho would have a net present value of US$814 million from commencement of construction and an after-tax internal rate of return of 16.0%.
Peru Copper estimates a total capital investment of US$1.524 billion would be needed to construct a mine and processing plant. An open pit mine would deliver 150,000 tonnes/day of ore to the mill. A bulk copper-silver-molybdenum concentrate would be produced.
The Toromocho mineral resource is estimated at 1.834 billion tonnes of measured and indicated mineral resources, and an additional 241 million tonnes of inferred mineral resources. Within this mineral resource is a central core of measured and indicated mineral resources of 967 million tonnes at a grade of 0.60% Cu, 0.023% Mo, and 8.1 g/t Ag, resulting in a copper equivalent of 0.88% Cu, using a 0.60% CuEq cut-off grade.
Peru Copper hopes to fast-track development of a mine and would consider the participation of a major company. More information is available at www.PeruCopper.com.