Merdeka Copper Gold - Tujuh Bukit Copper Project Pre-Feasibility study demonstrates technical and economic viability

PT Merdeka Copper Gold Tbk announced the completion of the pre-feasibility study (“PFS”) for the Tujuh Bukit copper project (“TB Copper”). The PFS confirms the technical and economic viability of the project, highlighting a mineral resource of 1.7 billion tonnes of ore containing 8.1Mt of copper and 27.4Moz of gold. The study projects TB Copper as a long-life, underground mine with an estimated NPV7 of US$3.0 billion and a 20% IRR over a 30-year mine life.

Read full article here.