| Announcement Date: | 2021-11-12 |
|---|---|
| Announcement Type: | Feasibility Study |
| Announcement Code: | NI43-101 |
| Company name: | Ero Copper Corp. |
| Project name: | Boa Esperanca |
| Location: | Brazil |
| Commodities: | Copper |
| Highlight: | Feasibilty study results incl. post Tax NPV (8%) of $379.6M & IRR of 41.8% |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Ero Copper Corp. (Ero) commissioned Ausenco Engineering Canada Inc. (Ausenco) to compile a Technical Report (the Report) for a Feasibility Study Update (FSU) on the Boa Esperança deposit, part of the Boa Esperança Project (the Project) in the Southern Pará State of Brazil. 1.1.1 Key Outcomes The Project demonstrates the financial outcomes (US dollars) summarized below based on Cu prices of $3.80/Ib in 2024, $3.95/Ib in 2025 and $3.40/Ib in 2026+ The Report supports disclosure by Ero Copper Corp. in the news release dated September 28, 2021, entitled, “Ero Copper Announces Results of Optimized Feasibility Study for Boa Esperança Project – Longer Mine Life and Higher Annual Copper Production.” The firms, companies and consultants who are providing Qualified Persons (QPs) responsible for the content of this Report, which is based on the Feasibility Study Update completed in 2021 (the 2021 FSU or FSU) and supporting documents prepared for the 2021 FSU, are, in alphabetical order: Ausenco Engineering Canada Inc. (Ausenco); Ero Copper Corp. (Ero), and NCL Ingeniería y Construcción SpA. (NCL). The Report presents Mineral Resource and Mineral Reserve estimates for the Project, and an economic assessment based on open pit mining operations and a conventional processing circuit that would produce copper concentrate. |
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