NEWS! UPDATED PEA COMMENCES ON CANARIACO NORTE Updated PEA Commences on the Caariaco Norte Copper Project
2021-09-09 08:00 ET - News Release
VANCOUVER, British Columbia, Sept. 09, 2021 (GLOBE NEWSWIRE) -- Candente Copper Corp. (TSX:DNT, BVL:DNT) ("Candente Copper”, “Company”) is pleased to advise that Ausenco Engineering Inc. has been awarded the contract to conduct an updated Preliminary Economic Assessment Study (“PEA”) to evaluate a new development strategy for the Caariaco Norte Project. The updated PEA study will commence immediately and is estimated to take approximately 12 weeks to complete.
Ausenco is committed to deliver an outcome that will leverage conceptual work completed in the recent desktop study to maximize shareholder value through a project concept that is financeable and executable in the current market environment. Ausenco has a deep understanding of the spectrum of activities that need to be executed through the PEA as well as the subsequent phases, to reduce risk and ensure a seamless and expedited advancement of the project.
The scope of work will include cost-effective mining, process plant and infrastructure design concepts, as well as managing the overall NI 43-101 PEA to drive value-adding initiatives across the entire project, meeting Candente Copper’s ESG vision.
“Ausenco is well positioned to deliver a PEA which can be significant to shareholder value with their team of innovative thinkers, extensive mineral processing expertise and other experienced subject matter experts. They have a culture that focuses on finding a better way to enhance project economics and drive down capital as demonstrated during the Canariaco Norte desktop study and many other recent studies, on projects and studies of comparable size and complexity to Canariaco,” stated Joanne Freeze.
Recent Ausenco work in Peru includes the following projects:
- Marcobre’s Mina Justa Project PFS, FS and EPCM;
- Nexa Resources Magistral PFS;
- Antamina DBN and CCS PFS; and
- Hudbay Peru Constancia Copper FS and EPCM.
*PFS, FS, EPCM, DBN, CCS are abbreviations for: Pre-feasibiity; Feasibility; Engineering, Construction and Procurement Management; Debottlenecking; Crushing, Conveying and Stockpiling.