Cobre CEO says scoping study for Ngami copper project reveals 'exceptional economics'

Proactive - Interviews for investors

Cobre Ltd CEO Adam Wooldridge discusses the completion of a scoping and economic study for the Ngami copper project in Botswana with Proactive's Stephen Gunnion. The study highlights the project's exceptional potential, including an NPV of over A$1 billion and an IRR exceeding 90%, based on conservative estimates of 40% copper recovery. Wooldridge explained that the project’s copper mineralisation is amenable to in-situ copper recovery, which significantly lowers capital and operating expenditures. The study suggests that Cobre can develop a scalable and de-risked extraction process, allowing for staged capital expenditure. Wooldridge also noted the results of extensive hydrological testing, which demonstrated that copper can be extracted efficiently using this method. “The in-situ copper recovery process places us at the bottom of the cost curve,” Wooldridge remarked, emphasising the competitive advantages that this method provides for the project’s economics. Looking ahead, Cobre plans to further drill 9,000 meters to define 30 million tonnes of ore and begin a pilot study to validate the project’s economic model in the field. This progress will form the backbone of a pre-feasibility study as the next step. For more insights on Cobre Ltd’s progress and other exciting developments, visit Proactive’s YouTube channel. Don’t forget to like this video, subscribe to the channel, and enable notifications for updates on future content. #CobreLtd #CopperMining #NgamiCopperProject #BotswanaMining #InSituRecovery #MiningInvestment #AdamWooldridge #CopperExtraction #MiningEconomics #CopperExploration #ProactiveInvestors#ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews