Copper Mountain Mining remains on track to release its bankable feasibility study for the Eva copper project, 95km north-east of Mount Isa, within two months.
In its full-year report this week the company said the updated study was planned for release in the first quarter of 2020 and would include a new mine plan that incorporated the Blackard deposit.
With an inferred mineral resource of 19 million tonnes grading 0.49 per cent of copper, this new deposit has increased the Eva copper project’s inferred mineral resource by 118 per cent.
Copper Mountain said its 2019 exploration program for Eva had included exploration drilling and metallurgical test-work for the Blackard deposit, which lies 5km from the proposed Eva copper processing plant.
The project’s measured and indicated resource stands at 2.1 billion pounds of copper, plus an inferred resource containing 206 million pounds of copper.