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Atalaya Mining plc
Atalaya Mining plc
Registriert in: Zypern WKN: A142QE Rohstoffe:
Art: Originalaktie ISIN: CY0106002112 Gold
Kupfer
Heimatbörse: TSX Alternativ: ATYM.L
Währung: CAD    
Symbol: AYM.TO Forum:

Atalaya Mining Plc Announces Proyecto Riotinto updated 43-101 technical report

09.07.2018 | 8:00 Uhr | FSCwire

Nicosia, Cyprus (FSCwire) - Atalaya Mining plc (AIM:ATYM, TSX:AYM) is pleased to announce the completion of a NI43-101 compliant technical report on an updated resources and reserves estimate for Proyecto Riotinto in south western Spain.

Highlights

Strong Project Economics

  • Total open pit proven and probable mineral reserves at Cerro Colorado are estimated at 197 Mt grading 0.42% Cu
  • Updated resources and reserves estimate reports a 29% increase in mineral reserves
  • Contained copper increases 21% to 822,000 tonnes
  • NPV post-tax at 8% discount rate of US$512 million using long term copper price of US$3.00/lb and life-of-mine average Euro to US dollars exchange rate of €1:$1.18.
  • Total cash flow of US$1,207 million

Reduced Operating Costs

  • Estimated average C1 cash costs of US$2.10/lb of payable Cu net of silver credits
  • All-in sustaining costs ("AISC") of US$2.22/lb of payable Cu net of silver credits

Capital Costs

  • Development capital expenditure of US$95 million to increase throughput to 15 Mt/y
  • LOM sustaining capital expenditure of US$84 million

Project Parameters

  • Recoverable copper within P&P open pit reserves is estimated at 696,500 tonnes and 9.4 million ounces of silver
  • Life of Mine ("LOM") of 13.8 years
  • 2019 ramp-up production to 11 Mt/y and 2020 production at 15 Mt/y
  • Average yearly production of 50,000 tonnes of copper and 670,000 ounces of silver in concentrate
  • Reduced strip ratio, waste to ore, of 1.43:1

Contacts:

Newgate Communications

Charles Chichester / James Ash / James Browne

+44 20 7680 6550

4C Communications

Carina Corbett

+44 20 3170 7973

Canaccord Genuity (NOMAD and Joint Broker)

Henry Fitzgerald-O'Connor / Martin Davison / James Asensio

+44 20 7523 8000

BMO Capital Markets (Joint Broker)

Jeffrey Couch/Neil Haycock/Tom Rider

+44 20 7236 1010

Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/9309T_1-2018-7-6.pdf

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END



To view the associated document to this release, please click on the following link:
public://news_release_pdf/atalaya07092018.PDF

To view the original release, please click here



Source: Atalaya Mining plc (TSX:AYM, AIM:ATYM)

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