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Cornerstone Capital Resources Inc is a mineral mining company. Through its subsidiaries, it is engaged in the evaluation, acquisition, and exploration of gold, silver and copper projects in Ecuador and Chile. The group is organized into business units based on mineral properties and has one business segment.

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Cornerstone Capital Resources Inc > Cascabel Pre-feasibility Study Released

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Post by BSdetector2016 on Apr 20, 2022 5:52am

Cascabel Pre-feasibility Study Released

KEY HIGHLIGHTS

Estimated US$5.2bn pre-tax Net Present Value (“NPV”) and 25.3% Internal Rate of Return (“IRR”)
Estimated US$2.9bn after-tax NPV, 19.3% IRR and 4.7 year payback period from start of processing
After-tax NPV would be US$4.1bn (US$7.9bn pre-tax) and IRR 23.4% (30.5% pre-tax) at current spot commodity prices
Estimated average production of 132ktpa of copper, 358kozpa of gold and 1Mozpa of silver – 212ktpa copper equivalent (“CuEq”) – with peak copper production of 210ktpa (391ktpa CuEq)
Initial project Life-of-Mine (“LOM”) All-In-Sustaining Cost (“AISC”) of US$0.06/lb of copper, placing Cascabel well within the first decile of the copper industry cost curve
On achieving nameplate capacity, average of approximately 190ktpa of copper, 680kozpa of gold and 1.3Mozpa of silver (>330ktpa CuEq) over initial 5 years at an average negative AISC of US$(1.38)/lb
Estimated pre-production capital expenditure of US$2.7bn for the initial cave development, first process plant module and infrastructure
Initial Mineral Reserve of 558Mt containing 3.3Mt Cu @ 0.58%, 9.4Moz Au @ 0.52g/t and 30Moz Ag @ 1.65g/t over an initial 26-year mine life
Potential mine life upside in excess of 50 years following initial LOM
Annual after-tax free cash flow (“FCF”) to average US$740m, peaking at over US$1.6bn
Average annual EBITDA of nearly US$1.2bn, peaking at over US$2.4bn
Additional optimisations being progressed for a PFS Addendum planned for completion in H2 CY22
Cascabel project Definitive Feasibility Study (“DFS”) planned for completion in H2 CY23
SolGold will host a PFS presentation on 20 April 2022 at 9:30am London time. Please register at: https://www.investormeetcompany.com/solgold-plc/register-investor