Los Andes Copper Announces Positive PFS for Vizcachitas with a US$2.77 Billion Post-Tax NPV and 24% IRR
Los Andes Copper has recently released the results of the pre-feasibility study (PFS) for its Vizcachitas project, located in Chile. The findings are highly promising, with a post-tax net present value (NPV) of US$2.77 billion and an internal rate of return (IRR) of 24%. These figures indicate that the project has significant economic potential and could be a lucrative investment for the company.
The positive PFS results are a result of several factors, including the project’s large mineral resource base and favorable geology. The Vizcachitas deposit is estimated to contain 6.5 billion pounds of copper, making it one of the largest undeveloped copper projects in the world. In addition to copper, the deposit also contains significant amounts of molybdenum and silver, further enhancing its economic value.
The PFS outlines a conventional open-pit mining operation, with an average annual production of 118,000 tonnes of copper over a 37-year mine life. The project’s operating costs are estimated to be competitive, thanks to its proximity to existing infrastructure and favorable mining conditions. The PFS also includes plans for a processing plant on-site, which will further streamline operations and reduce overall costs.
The Vizcachitas project is expected to generate substantial returns for Los Andes Copper and its shareholders. With copper prices on the rise and demand for the metal increasing, the timing of the project’s development couldn’t be better. The company is now in the process of advancing the project to the next stage, with a full feasibility study and permitting activities on the horizon.
Overall, the positive PFS results for the Vizcachitas project confirm its potential as a world-class copper asset. With a strong resource base, attractive economics, and strategic location in Chile, the project is well-positioned to become a major player in the global copper market. Los Andes Copper is now poised to capitalize on this opportunity and unlock significant value for its stakeholders in the years to come.