Copper Mountain Mining Corporation says it has “positive results” from its Feasibility Study on the Eva Copper Project near Cloncurry.
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The Eva Copper Project, originally the Cloncurry Copper Project, was formerly owned by Altona which merged with Canadian company CMMC and is located 95 km north-east of Mount Isa.
The Eva Copper Project is designed as a moderate sized truck/shovel copper-gold open pit mining operation.
The mine plan includes production of 334 million tonnes of ore and waste from five deposits over a minimum mine life of 12 years.
The process plan calls for an average throughput of 28,000 tonnes per day for the first five years and 25,500 tpd for the remaining life of mine.
The processing plant and tailings management facility will be constructed on site with a primary crushing, primary and secondary grinding using a SAG-Ball Mill circuit, followed by flotation process to recover copper and gold in concentrate form.
The flotation concentrate will be thickened, filtered and stockpiled for shipping to the Mount Isa smelter in expanding on CMMC’s long-term contract with Glencore.
Gil Clausen, Copper Mountain CEO, said the study results showed the quality and size of this asset.
"Eva has the potential to add significant cashflow to our operating base, at one of the lowest capital intensities for near-term greenfield projects anywhere, in the best mining jurisdiction in the world,” Mr Clausen said.
Derek Barry
Editor of the North West Star Mount Isa since January 2016. Prior to that, an editor at several regional southern Queensland newspapers. Passionate about telling local stories. Comes with a strange accent to due an Irish accident of birth.
Editor of the North West Star Mount Isa since January 2016. Prior to that, an editor at several regional southern Queensland newspapers. Passionate about telling local stories. Comes with a strange accent to due an Irish accident of birth.
