North Island copper/gold project, Canada
Name of the Project
North Island copper/gold project.
Location
Canada.
Project Owner/s
Northisle Copper and Gold.
Project Description
The results from a preliminary economic assessment (PEA) on the North Island project have confirmed it as one of the most attractive copper/gold porphyry projects in Canada.
The PEA is based Northisle’s Red Dog and Hushamu deposits, and has been developed with a focus on processing a target of 600-million tonnes of mineralised material within estimated mineable pit shells.
The operation is expected to produce a high-quality copper concentrate with a significant gold by-product and high-grade molybdenum concentrate.
The PEA proposes a low strip-ratio openpit mining operation, which incorporates a 75 000 t/d concentrator.
Over its 22-year mine life, North Island will produce an average of 177-million pounds a year of copper equivalent over the first six years, including 112-million pounds of copper, 112 000 oz of gold and 2.7-million pounds of molybdenum.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a net present value, at an 8% discount rate of, $1.21-billion and an internal rate of return of 27.7%.
Capital Expenditure
C$1.44-billion.
Planned Start/End Date
Not stated.
Latest Developments
Exploration activities would be reactivated in 2021, with an initial drill programme focusing on three main areas – Red Dog, Pemberton Hills and Hushamu.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Northisle Copper and Gold, tel +1604638 2515 or email info@northisle.ca.
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