First Quantum Minerals press release on the Kansanshi copper and gold mine. The main headline is that the life of the mine would continue for next 20 years following a recent study that revealed higher ore grades and additional resources. Key updates :
- Using a 0.3% cut-off grade, the Measured and Indicated categories and the contained copper increase by approximately 18% and 50%, respectively.
- Significantly increased Proved and Probable mineral reserves can support a minelife of approximately 13 years at a throughput rate of 24 million tonnes per year.
- The minelife increases to 20 years when the Inferred mineral resource is considered.
- The overall strip ratio increases marginally to 2.2:1 compensated by the increase in head grade to 1.16% total copper.