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On January 15, 2009 Augusta released an updated feasibility study for the Rosement copper project. The study concluded that Rosemont is economically robust at a range of metal price assumptions and carries low development risk. Specifically, Rosemont is expected to produce 221 million pounds of copper over a 20-year mine life, along with significant amounts of silver and molybdenum. Using long-term metal price assumptions of $1.85 per pound for copper, $12 per ounce for silver and $15 per pound for molybdenum, the project generates an NPV (5%) of US$1.2 billion. For details refer to the documents below.
CLICK HERE for the news release dated January 15, 2009 |
