LA:CC - Los Andes Copper Advancing Vizcachitas Project with Sustainable Mining Practices CEO Says
2023-03-13 15:55:00 ET
Los Andes Copper (TSXV:LA) Chairman Eduardo Covarrubias said his company is advancing its Vizcachitas project in Chile with sustainable mining practices and a positive prefeasibility study (PFS).
“Because it's a greenfield project, we have the benefit of being able to design this from scratch, adopting what's now being called sustainable mining practices,” Covarrubias said. "We believe this is the way mining should be done going forward. We don't need to deal with legacy decisions from decades ago, and cleanups that have to be undertaken.
The company chairman also shared some of the results from Los Andes' recently released PFS , with measured and indicated resources of 14.8 billion pounds copper equivalent and inferred resources of 15.4 billion pounds copper equivalent. The PFS also shows a US$2.8 billion after-tax net present value and an internal rate of return of 24 percent.
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Los Andes Copper Advancing Vizcachitas Project with Sustainable Mining Practices, CEO Says