Cobre Limited reveals study results

Cobre (ASX:CBE) has completed a Scoping and Economic Study for its Ngami Copper Project in Botswana. The study, conducted by METS Engineering, indicates promising economic potential using In-Situ Copper Recovery. It outlines a two-stage production model, targeting copper recovery from mineralization estimated at 103-166Mt at 0.38-0.46% Cu.

Cobre's strategic project outlook

Cobre Limited has conducted a comprehensive Scoping and Economic Study for the Ngami Copper Project in the Kalahari Copper Belt, Botswana, highlighting its economic viability through an In-Situ Copper Recovery process. The project is designed to start with a starter plant, progressing to full production, with significant copper recovery from a large mineralization base. The economic analysis predicts strong pre-tax NPV and IRR, suggesting substantial profitability. Cobre aims to advance the project with further drilling, metallurgical testing, and a pilot trial to verify recovery rates. The study positions the project as a high-value copper producer, while ensuring compliance with environmental regulations and infrastructure planning. Cobre's ambitions include producing copper metal, copper sulfate, and silver, supported by a solid financial strategy.

Executive insights on Cobre's study

The economic analysis presents robust pre-tax Net Present Values (NPV) and Internal Rate of Return (IRR) under different recovery scenarios, indicating substantial economic viability.