Issue link: http://resourceworld.uberflip.com/i/134727
LUMINA COPPER CORP. [LCC-TSXV] Focused on Developing the Harper Creek Copper-Gold-Silver Deposit in British Columbia Detailed Feasibility Study completed March 2012, restated and amended January 2013 • Total Proven and Probable Reserve of 704.4Mt @ 0.262% Cu (0.14% Cu cut-off ), 0.029g/t Au and 1.14g/t Ag • Estimated production over life-of-mine: 3.63 billion lbs Cu, 372,000 oz Au and 14 million oz Ag contained in concentrate. • Estimated after tax NPV8 $465.3 million, IRR 17.0%; based on metal prices of US$2.50/lb Cu, US$1,250/oz Au and US$20/oz Ag, and 0.86:1 US/CDN exchange rate • Mine life 28 years at a milling rate of 70,000 tonnes/day • Stripping ratio 0.81:1 life-of-mine • Capital costs are estimated at C$838.95 million in Q4 2011 dollars, including contingency • Adjacent rail, road, power and town infrastructure • Project is 100% owned by Yellowhead Mining* • Senior management has extensive international experience with large scale open pit copper projects • Excellent potential to significantly expand the resource * Subject to 3% NSR royalty capped at $2,500k, adjusted for inflation, plus a further 2.5% NSR royalty on approximately 1.5 million tonnes of ore which is expected to be mined beginning in year 16 of the mine plan. Ronald Handford, Executive Vice President, Corporate Development T: 604.681.1709 info@yellowheadmining.com www.yellowheadmining.com Resource World - one third page square: 4.875"W x 4.7"H Tech: sharon@xy3design.com 604-925-9232 10 www.resourceworld.com TSX: YMI OTCQX: YHMGF NPV (8% Discount)...................US $2.1 billion IRR (Pre-Tax)........................................ 17.2% Payback Period.................................1.7 years Cash Costs........................... US $1,200 oz Au Cash Costs..............................US $12/lb Moly Capital Costs................................. $3.0 billion Shares Outstanding...................... 45,534,902 NOTE: Assuming US $2.75/lb Cu. Lumina Copper Corp. has prepared an independent Preliminary Economic Assessment on its 100%-owned Taca Taca copper-gold-molybdenum project in the Puna region, northwest Argentina. Indicated resources stand at 2,165 million tonnes grading 0.57% copper equivalent, or 0.44% copper, 0.08 grams gold/tonne and 0.013% molybdenum. This represents 21.15 billion pounds of copper, 5.56 million oz of gold and 615.8 million pounds of moly. Inferred resources total 921 million tonnes grading 0.47% copper equivalent, or 0.37% copper, 0.05 grams gold/tonne and 0.012% moly. This represents 7.55 billion pounds of copper, 1.57 million oz of gold and 235.4 million pounds of moly. The company notes that it cannot be assumed that all or any part of inferred mineral resources can be upgraded to a higher category. The PEA envisages constructing a mine and concentrator to produce copper (including a gold byproduct) and molybdenum concentrates. There would be a 28-year mine life delivering 120,000 tpd of throughput (for an initial seven years) to a mill and concentration plant comprising two mill and flotation lines. An expansion of the concentrator, by way of a third line, to accommodate a total throughput of 180,000 tpd from year eight onward has been included in the evaluation. There is an average life-of-mine copper production of approximately 244,000 tpy over the life of the mine. LOM gold production would average 110,000 oz per year, while molybdenum production averages 4,100 tpy. Copper production over the first seven years would average 271,000 tpy with a peak in year two of 349,000 tonnes of copper. JUNE 2013