The Mocoa deposit contains an Inferred mineral resource estimated at 636 million tonnes at a grade of 0.33% copper and 0.03% molybdenum 4.6Blbs copper and 511Mlbs molybdenum. The resource exhibits reasonable prospects for eventual economic extraction using open-pit mining methods. The table below shows the sensitivity of the resource, listed at a variety of cut-off grades for comparison purposes, contained inside a resource limiting pit shell that has been generated based on a copper price of $3/lb and a molybdenum price of $10/lb. The base case resource assumes a cut-off grade of 0.25% copper equivalent.
SENSITIVITY OF INFERRED MINERAL RESOURCE AT MOCOA
|Cut-off||Mtonnes||CuEq (%)||Cu (%)||Mo (%)||Contained Metal|
|(CuEq%)||CuEq (Blbs)||Cu (Blbs)||Mo (Mlbs)|