| Announcement Date: | 2022-01-11 |
|---|---|
| Announcement Type: | Pre-Feasibility Study |
| Announcement Code: | NI43-101 |
| Company name: | Cordoba Minerals Corp. |
| Project name: | San Matias |
| Location: | Colombia |
| Commodities: | Gold,Silver,Copper |
| Highlight: | Feasibility Study results incl. post-tax NPV (8%) of US$415.1M & IRR of 25.4% |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Nordmin Engineering Ltd. (“Nordmin”), Intera Geoscience & Engineering Solutions (“Intera”), Blue Coast Metallurgy & Research (“Blue Coast”), Stantec Consulting Chile Ltda (“Stantec”) and Knight Piésold Ltd. (“Knight Piésold”) (collectively referred to as “the Consultants”) were retained by Cordoba Minerals Corp. (“Cordoba” or “the Company”) to prepare a Canadian National Instrument 43-101 (“NI 43-101”) Technical Report (“Technical Report”) for the Prefeasibility Study (“PFS”) for the Alacran deposit within the San Matías Copper-Gold-Silver Project (“the Project”) located within Cordoba’s San Matías exploration area in Colombia, South America. The Alacran Mine includes an approximate two year construction period, two years of mining preproduction period, followed by 13 years of production supplying a mill feed rate of 22,000 t/d, and ten years of post-production mine closure. The project is planned to utilize an owner-operated scenario. The Alacran Mine includes an open pit mine and associated infrastructure, surface infrastructure to support the mine operations (i.e., maintenance and office facilities), water management features, run of mine stockpiling areas, processing facility, waste and tailings management facility, and camp facility. |
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