Mawson West has received positive feasibility study results for the development of open cut mine at its Kapulo copper project in the Democratic Republic of the Congo.
According to the study, the initial capital cost of the Kapulo project is estimated at $69.5m, with operating costs of $1.97/lb copper, include all mining, processing, general and administrative costs, product transport and refining costs.
The project consists of proven and probable mineral reserves of 3.6Mt at 3.6% copper and 8.3g/t silver.
The project will have an annual production capacity of 15.8kt copper and 78koz silver, with a mine life of seven and a half years.
Currently the firm is in the process of converting its exploration permit on the Kapulo project into ean xploitation permit, to proceed with the development of the project.