Copper Mining News in Philippines

St. Augustine Gold and Copper Limited
St. Augustine Gold and Copper Limited
SAU
Philippines

St. Augustine Gold and Copper Limited Advances Kingking Project to Definitive Feasibility Study and Engages Consulting Engineering Firms

St. Augustine Gold and Copper Limited has announced the engagement of Stantec and IMC to conduct a Definitive Feasibility Study (DFS) for the Kingking Copper-Gold Project in the Philippines. The decision follows a positive Pre-Feasibility Study (PFS) which reported 960 million tonnes of reserves and exceptional economic metrics, including a post-tax NPV of $4.18 billion.

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St. Augustine Gold and Copper Limited
St. Augustine Gold and Copper Limited
SAU
Pantukan, Davao de Oro, Philippines

St. Augustine Announces Positive Results of the Kingking Copper-Gold Project Updated Preliminary Feasibility Study

St. Augustine Gold and Copper Limited announced positive results from an updated Preliminary Feasibility Study (PFS) for its Kingking Copper-Gold Project in the Philippines. The study outlines a large-scale open pit operation with a 38-year mine life, featuring a Proven and Probable reserve of 960 million tonnes. Key financial indicators include an after-tax NPV of $4.18 billion and an IRR of 34.2%, with low C1 cash costs of $0.32 per pound of copper net of gold credits.

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