Toronto-listed Hudbay Minerals has announced the results of a prefeasibility study (PFS) for Phase 1 of its Copper World project, in Arizona. Phase 1, which is a standalone operation requiring state and local permits only, will produce 85 000 t/y over 20 years at an average cash and sustaining cash cost of $1.47/lb and $1.81/lb, respectively. The 20-year mine life is four years longer than the Phase 1 mine that was presented in the preliminary economic assessment (PEA), which was published in 2022.
Toronto-listed Hudbay Minerals has announced the results of a prefeasibility study for Phase 1 of its Copper World project, in Arizona.
The 20-year mine life is four years longer than the Phase 1 mine that was presented in the preliminary economic assessment , which was published in 2022. The capital cost estimate was lowered from $1.9-billion in the PEA, to $1.3-billion, owing to the deferral of the construction of a concentrator leach facility to year four, with the potential to be fully funded from operating cash flows or benefit from future government incentives for critical minerals processing.
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