Updated DFS extends Cloncurry mine life, improves key metrics

An updated definitive feasibility study (DFS) on the Cloncurry copper/gold project, in Queensland, has delivered a number of improvements compared with the 2014 DFS, including a longer mine life, a higher net present value (NPV) and internal rate of return (IRR). While both the DFS and updated DFS estimated production of 39 000 t/y of copper and 17 200 oz/y of gold from a seven-million-tonne-a-year operation, the updated DFS increased the mine life from 11 years to 14 years.