MOD again modifies T3 approach
EMR snaps up third copper mine, this time in Chile
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Azure Capital and Terrafranca Advisory have got the debt gig, with previous prefeasibility work pointing to a development costing between US$155 million and $192 million for a processing project of 2.5Mtpa capacity and 4Mtpa, respectively.
As of this week, MOD is looking at an initial 3Mtpa development, with feasibility numbers due in the first quarter next year.
EMR snaps up third copper mine, this time in Chile
Copper News
Look beyond market approach to project valuations: van Zyl
Leadership
SPONSOREDpolarx ltd
Chile's reputation as LatAm go-to destination faces long-term threats - Analysis
SPONSOREDverisk maplecroft
Azure is a Perth-based advisory, while London based Terrafranca looks an appointment made with reference to MOD's recently announced plan to list on the LSE.
MOD said the increase in size of the initial development followed the recent "major increase in the T3 resource", with a 44% jump in resources - to 60Mt grading 0.98% copper and 14 grams per tonne silver - reported early last month.
Shares in MOD were up 1% to A50c in morning trade, capitalising the company at $116 million.