Announcement Date: 2022-08-09
Announcement Type: Feasibility Study
Announcement Code: NI43-101
Company name: Western Copper and Gold Corp.
Project name: Casino
Location: Canada
Commodities: Gold,Silver,Copper,Molybdenum
Highlight: Feasibility Study results incl. post-tax NPV (8%) of US$2.3B & IRR of 18.1%
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: VANCOUVER, B.C. Western Copper and Gold Corporation (“Western” or the “Company”) (TSX:WRN; NYSE American: WRN) is pleased to release the results of its Feasibility Study (the “Study”) on its whollyowned Casino copper-gold-molybdenum deposit in the Yukon, Canada (“Casino” or the “Project”). The Study considered the Project being constructed as an open pit mine, with a concentrator processing 120,000 tonnes per day (t/d) to recover copper, gold, molybdenum and silver, as well as a 25,000 t/d oxide heap leach facility to recover gold, silver and copper. The Study supersedes all previous studies and incorporates an updated mineral resource and mineral reserve with an effective date of April 29, 2022. The Study examines the development of the Casino Project, which comprises the processing of 1.43 billion tonnes of Mineral Reserve for both the mill and heap leach, with deposition of mill tailings and mine waste in the Tailings Management Facility (“TMF”) consistent with the design concepts considered during the Best Available Tailings Technology (“BATT”) Study as a base case development. “The results from the Feasibility Study confirm the project’s robustness and ability to withstand inflationary pressures.”, said Paul West-Sells, President & Chief Executive Officer. “This Study reaffirms Casino as one of the very few long-life copper-gold projects with robust economics in a top mining district, the Yukon. We are continuing to collaborate with our strategic investor, Rio Tinto, and continue to engage with First Nations and community stakeholders to advance this project toward the submission of Casino’s Environmental and Socio-Economic statement in mid-2023.”
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