Torex has just released an updated life-of-mine plan for the Morelos Complex that incorporates initial reserves from the EPO underground deposit following completion of an internal pre-feasibility study. With the addition of EPO mineral reserves, the production profile of the Morelos Complex is now firmly established at a minimum of 450 thousand gold equivalent ounces per year through 2030 on the mineral reserve case alone. Notable highlights of the study include: ✅ EPO will be a very capital efficient mine to bring into production, with estimated upfront capex of $81.5 M ✅ Minimal upfront development required to access and connect EPO to Media Luna ✅ Close proximity to Media Luna leverages the investment in infrastructure as part of the Media Luna Project. The Guajes Tunnel, conveyor, ore handling system, paste plant, mineral processing facilities and power and water infrastructure will all be utilized for EPO ✅ The “fill the mill” goal is achieved –the combination of Media Luna production + ELG Underground + EPO results in the mill being full, with mine plan optionality, flexibility, and contingency built in ✅ Low risk brownfield project – situated within the existing, permitted footprint ✅ The timing of EPO derisks the Media Luna ramp up and complements an already robust liquidity outlook – development and the associated capital investment is scheduled to start mid-2025 and initial production expected late-2026 ✅ EPO will further complement the Company’s exposure to the copper market – with 143 million pounds at a grade of 1.29% Cu within the inaugural EPO mineral reserve of 781 koz AuEq. Read more here: https://lnkd.in/eV7vU2Rm Minera Media Luna #TheNextTen #Morelos
Me encanta
Director of Mine Planning & Technical Services | Mining Project Management
2wGreat news, communicated really well. Including a link to the relevant information. Others should take note of how to do it, including some of the majors.