ProjectsEva Copper ProjectSummary
The Eva Copper Project (Cloncurry) is located 95 kilometres north-east of Mt Isa in north-west Queensland, Australia. It is 100% owned by Copper Mountain.
The Eva Copper Project currently has a measured and indicated mineral resource containing over 2 billion pounds (0.95 million tonnes) of copper and an inferred resource of 1.6 billion pounds (0.72 million tonnes) of copper. There is potential to add resources at depth and along strike in each of the deposits.
It is envisaged that an open pit copper-gold mine with a 7 million tonnes per annum concentrator will be developed. The development is permitted with proposed annual production of 39,000 tonnes of copper and 17,200 ounces of gold for a minimum of 14 years.
Ownership100% Copper Mountain Mining Corporation
LocationQueensland, Australia. Mt. Isa Inlier area
InfrastructureAll-weather paved highway, rail, gas, airports, power
Mine TypeOpen Pit
Expected Mine Life14 Years and open to depth
Cu Production75 million - 85 million lbs, plus gold credits
Resources163Mt at 0.58% Cu, 0.05g/t Au
It is envisioned that the mine would be a conventional open pit, truck and shovel operation. Mining would be divided into multiple development phases from a series of pit areas. The development sequence will be designed to maximize the discounted cash flow based on the ore value which is reflected in the planned pits.
It is planned that the mine would utilize a conventional crushing, grinding, and flotation to produce copper concentrates with gold credits. The facility will be designed to operate 24 hours per day, 365 days per year with a 92% mechanical availability including pre-scheduled downtime for equipment maintenance. Once processed, the concentrate containing the metals would be trucked to the Mt. Isa smelter where it will be processed. The company has an off-take agreement with Glencore’s Mt. Isa smelter who have agreed to purchase 100% of the projects concentrate at LME spot rates for a period of five years from the time of startup.
Copper Mountain is in the process of completing a bankable feasibility study which is expected to be finished sometime before the end of Q3-2018.