Metalstech releases scoping study at Sturec

Metalstech releases scoping study at Sturec

From caesarsreport.com

Metalstech (MTC.AX) has published the results of a scoping study on its flagship Sturec project. The mine plant currently on the table calls for a combined open pit and underground mine plan with an anticipated initial capex of just under US$65M and a sustaining capex of US$18.3M over a 15 year mine life. The 4,000 tpd plant has a cost estimate of just US$44M based on a quote from Yantai Jinpeng, a Chinese manufacturer. That’s low as for instance a pre-feasibility study released by Integra Resources (ITR.V, ITRG) in Q1 of this year included a US$132M capex for a 6,000 tpd mill. While a China-built mill will always ... (full story)

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