Armed with a positive feasibility study, Black Swan Gold Mines (TSE) is hoping to place its Teutonic Bore copper project in production. The property is near Laverton in Western Australia.
The junior is negotiating with possible operators in Western Australia, with a view to starting up the project as soon as possible. Capital costs are estimated at A$850,000.
Black Swan leased the project from Mount Isa Mines, which will derive a royalty from production. The feasibility study estimates that 1.8 million tonnes of stockpiled reserves and tailings, at an average grade of 0.79% copper, are available for processing.
The company is proposing to produce cement copper by an acid-leach process, from 240,000 tonnes of stockpiled reserves grading 2% copper. The monthly processing rate would be 30,000 tonnes.
Initially, the project would generate about 3.1 million kg copper, or 7 million lb. at a cash cost of US51 cents per lb.
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