Florence copper project, US
Name and Location
Florence copper project, Arizona, US.
Client
Curis Resources.
Project Description
The Florence copper project is an advanced-stage copper development project, which has an estimated 340-million tons of probable mineral reserves, grading 0.358% total copper at a cutoff grade of 0.05% total copper, containing 2.42-billion pounds of copper.
Envisaged is a yearly production scenario averaging 55-million pounds of copper cathode for years 1 to 6, optimum production averaging 85-million pounds of copper cathode during years 7 to 21, and a decline thereafter.
Value
Estimated initial capital costs have increased to $208-million for the base case from the estimated $196-million announced on February 13.
Duration
Copper production is scheduled to begin in 2016.
Latest Developments
Following an extensive public consultation and review process, Curis has received a final amended aquifer protection permit (APP) from the state of Arizona’s Department of Environmental Quality.
This permit authorises the construction, operation and closure of a 24-well in situ copper recovery operation.
The APP is one of two major operating permits that the Florence project requires to proceed with the first phase of operations. The second is the underground injection control permit, which is in the final stages of review by the US Environmental Protection Agency.
Key Contracts and Suppliers
M3 Engineering & Technology Corp (prefeasibility study).
On Budget and on Time?
Not stated.
Contact Details for Project Information
Curis Resources, tel +1 604 684 6365, fax +1 604 684 8092 or email info@curisresources.com.
M3 Engineering & Technology Corp, tel +1 520 293 1488, fax +1 520 293 8349 or email m3@m3eng.com.
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