Nzuri improves economics of DRC copper/cobalt project

An updated feasibility study (FS) over Stage 1 of the Kolongwe copper/cobalt project, in the Democratic Republic of Congo, has improved project economics, ASX-listed Nzuri Copper reported on Monday. Incorporating revised cobalt pricing and point-of-delivery, the new FS increased the project’s estimated post-tax net present value (NPV) from $82-million, to $130-million, and the internal rate of return (IRR) from 55% to 76%.