Stocks Special Reports LICs Hybrids Technical Analysis Funds ETFs Tools SMSFs
Learn
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features Hybrids Technical Analysis SMSFs Learn
About

Company News Summary

Metminco Announces Optimisation Studies to Focus on High Grades at Los Calatos

07 Jan 2013  |  11:46:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Optimisation Studies to Focus on High Grades at Los Calatos

Metminco announced a further update to the Mineral Resources at its flagship Los Calatos Cu-Mo porphyry project in southern Peru following completion of a 65,677m drill program in October 2012. The Mineral Resource Estimate now includes those Mineral Resources that are amenable to open pit and underground bulk mining reflecting the more advanced stage of the project. The Company is focusing on maintaining an optimal capital expenditure and grade profile which should facilitate more attractive financial returns for the project in the current economic climate. With the completion of the Mineral Resource Estimate, Metminco is now undertaking open pit optimisation studies and high level underground mine planning with the objective of initiating a pre-feasibility study later in Q1 2013.

Please click here for full details

See more ASX300 News Announcements