MOD delivers strong T3 PFS

THE prefeasibility study for the T3 discovery in Botswana has made a strong case for the development of a new copper-silver mine, but MOD Resources managing director Julian Hanna says that’s just the beginning.

MOD delivers strong T3 PFS MOD delivers strong T3 PFS MOD delivers strong T3 PFS MOD delivers strong T3 PFS MOD delivers strong T3 PFS

The PFS outlined a 2.5 million tonne per annum operation to produce an average 23,000 tonnes per annum of copper and 690,000 ounces per annum of silver at C1 costs of $1.22 per pound of copper and all-in sustaining costs of $1.36/lb, including silver credits.

Pre-production capital costs would be $155 million, including $17 million contingency, while life-of-mine sustaining capex would be just $31 million.

Using a copper price of $3/lb, the study returned a pre-tax net present value of $281 million, at an 8% discount rate.

The initial 8.8-year mine life is based on a maiden reserve of 218,000t of copper and 7.1 million ounces of silver.

The project is estimated to generat...