Results of Feasibility Study VANCOUVER, British Columbia, Nov. 08, 2021 (GLOBE NEWSWIRE) -- Kutcho Copper Corp. (TSXV: KC, OTCQX: KCCFF) (“Kutcho Copper” or the “Company”) is pleased to announce the results of the 2021 Feasibility Study (“FS” or “Feasibility Study”) for the development of the 100% owned Kutcho copper and zinc project (“the Kutcho project” or “the Project”) in northern British Columbia.
- ROBUST PROJECT ECONOMICS
- Base case metal prices(1) of $3.50/lb Cu, $1.15/lb Zn
- Pre-tax NPV7% C$737 million, IRR 31%
- After-tax NPV7% C$461 million, IRR 25%
- Spot metal prices(2) of $4.50/lb Cu, $1.57/lb Zn
- Pre-tax NPV7% of C$1,467 million; IRR 51%
- After-tax NPV7% of C$931 million; IRR 41%
- LOW COST PRODUCTION
- Cash costs of US$1.11/lb of CuEq(3)
- All-in sustaining costs(4) of US$1.80/lb of CuEq
- Initial capital cost of C$483 million
- ELEVEN-YEAR OPEN PIT AND UNDERGROUND MINE LIFE
- Metal production of 533 Mlbs Cu, 841 Mlbs Zn, 10.6 Moz Ag, 129.7 koz Au
- HIGH GRADE MINERAL RESOURCE(5)
- 22.8 million tonnes grading 2.26% CuEq containing 1.1 Blbs CuEq (764 Mlbs Cu, 1,096 Mlbs Zn)
- An additional 12.9 million tonnes grading 1.62% CuEq containing 460 Mlbs CuEq in the inferred category (312 Mlbs Cu, 449 Mlbs Zn)
- STABLE MINING JURISDICTION SITUATED IN NORTHERN BRITISH COLUMBIA, CANADA
- One of the safest global mining jurisdictions, located in the traditional territories of the Tahltan Nation and Kaska Dena Nation
Vince Sorace, President & CEO of Kutcho Copper commented: “The Feasibility Study represents a major milestone for Kutcho Copper as we continue to advance the high-grade Kutcho copper-zinc project towards a development decision. The significant redesign and engineering of the Project delivers a mine plan that is a predominantly open pit mining operation with the concurrent development of two underground mines. The mine plan has resulted in a technically robust and capital efficient Project with a minimised footprint. The results of the Feasibility Study highlight the attractive economics of the Kutcho project which are resilient at lower metal prices, very attractive at base case prices and exhibit significant leverage to rising prices as reflected in spot metal prices with a C$931 million after-tax NPV7% and a 41% IRR. We believe that the results of the Feasibility Study mean that Kutcho Copper is now one of the most undervalued copper investment opportunities in North America.”
https://www.globenewswire.com/news-release/2021/11/08/2329680/0/en/Kutcho-Copper-Announces-Results-of-Feasibility-Study.html