A large scale open pit copper-gold-cobalt
project in northeastern South Australia
Kalkaroo is the largest undeveloped open pit copper deposit in Australia on a CuEq ore reserve basis, with a 0.74% CuEq grade.
It contains 1.1 million tonnes of copper, 3.1 million ounces of gold and 23,200 tonnes of cobalt in Measured, Indicated and Inferred JORC Mineral Resources.
100 Mt Ore Reserve (90% Proven) based on 1.1 Mt of copper, 3.1 Moz of gold, 23.2 Kt of cobalt in JORC Mineral Resources.
PFS shows Pre-tax NPV7.5% of A$564 million, IRR 26%. Average annual production of 30Kt copper and 72Koz gold over a 13 year production period.
Orebody is open in all directions. Very substantial near mine potential based on reconnaissance drilling.
JORC Mineral Resources in a range of metals that provide good exposure to resources commodity cycles in gold, copper, cobalt.