These additional improvements have resulted in a slight delay to the completion by Ausenco to early Q1 2022.
Ausenco is leveraging conceptual work completed in the desktop study to help maximize shareholder value through a project concept that is expected to be financeable and executable in the current market environment.
The Ausenco 2021 PEA is expected to: Improve Environmental, Social and Governance ('ESG') practices; Reduce initial capital expenditures ('CapEx'); Highlight a smaller initial throughput for a lower initial CapEx; Expand throughput after payback using mine cash flow to double capacity with the addition of a second mill line and Improve infrastructure design including a single Dry Waste Storage Facility with co-disposal of waste rock and filtered mill tailings.
'While the work will take a few more weeks to complete than initially anticipated, we are very excited to be able to demonstrate optimizations that are expected to result in a substantially improved proposed mining project at Canariaco Norte,' says
About
The Company is very pleased to now have Canariaco Norte included in 4 research reports that compare various global copper projects.
RFC Ambrian: Canariaco Norte in top 10 of 23 projects with potential to involve third party M&A (
Both RFC Ambrian and Haywood have noted that Canariaco Norte is the 10th largest late-stage copper resource in the world and 6th highest in grade.
This news release may contain forward-looking statements including but not limited to comments regarding timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Contact:
Tel: +1 475 455 9401
Email: Jonathan.Paterson@HarborAccessllc.com
Web: www.candentecopper.com
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