Chief Geologist
CurrentWith the publication of the successful PEA and the raising of new funding, the Company brought in an experienced mining and environmental team to prepare the Pre-Feasibilty Study (PFS). With the final approval of the EIS, we could now drill over the whole project area. I prepared the PFS drilling program to upgrade resource classification and expand the high-grade resources that had not been drilled since 2008.The successful drilling program increased the in-pit measure and indicated contained copper by 175% and inferred contained copper by 180% compared to the 2008 resources—an overall increase in MI&I copper resources by 180% and molybdenum by 230%.The Tetra Tech 2023 PFS presented a project with an after-tax NPV (8%) of $ 2.8 billion and an IRR of 24% at $ 3.68/lb copper.