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IN BRIEF: Phoenix Copper Completes Updated Empire Mine Economic Model Tue, 16th Feb 2021 18:01 Phoenix Copper Ltd - North American-focused base and precious metals explorer - Completes updated economic model for the Empire Mine open pit project in Idaho, US which indicates strong cashflow and rapid payback in less than two years. Model shows 10-year life-of-mine processing a total of 14.3 million tonnes measured & indicated ore at a 0.5% copper cut-off grade. Notes life-of-mine revenue of USD784 million, producing average annual production of 8,550 tonnes of copper, 1,970 tonnes of zinc, 17,235 ounces of gold and 680,050 ounces of silver. The updated EM shows an impressive starter operation that delivers revenue of USD784 million with a pre-tax 7.5% NPV of USD105 million and an IRR of 57%. This significant increase in the NPV from the previous EM (August 2019) is a product of increased M&I resources, a higher head grade for copper, the use of ATS to recover gold and silver,

United statesEmpire mineRyan mcdermottLucy hemingPhoenix copper ltdAlliance newsChief executive ryanAll rightsஒன்றுபட்டது மாநிலங்களில்பேரரசு என்னுடையதுரியான் மக்டர்மட்பீனிக்ஸ் தாமிரம் லிமிடெட்கூட்டணி செய்திதலைமை நிர்வாகி ரியான்அனைத்தும் உரிமைகள்