Deep-South Resources (CVE: DSM-OTC: DSMTF) President and CEO Pierre Léveillé, joined Stephen Gunnion from Proactive with detail of the second batch of.
Deep-South Resources (CVE: DSM-OTC: DSMTF) President and CEO Pierre Léveillé, joined Stephen Gunnion from Proactive with detail of the second batch of.
We are confident that their studies will provide strong guidance and will add value to the project.
The Haib copper porphyry deposit, which sits within a 37,000 hectare (ha) package, is arguably the oldest of its type in the world and one of the largest in Africa.
It already boasts an indicated resource of 3.1 billion pounds of the red metal, while 2.2 billion is classed as inferred. A preliminary economic assessment (PEA) pegged the after-tax net present value (NPV) at US$957 million with an internal rate of return (IRR) of 29.7%, using a copper price of US$3 per pound.
As part of the scoping, Knight Piésold will also undertake a high-level assessment of the various water options available to the project and look at how the heap leach processing may work.