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Mt Lyell into feasibility after positive copper-gold production assessment

NEW Century Resources is targeting completion of a feasibility for the Mt Lyell copper-gold venture in Tasmania in the third quarter this year after prefeasibility work outlined an initial A$279 million development with a net present value of $560 million and annual production in the first 10 years averaging 27,000t of copper and 16,000 ounces of gold.

Michael Quinn
The historical Mt Lyell operation, Tasmania

The historical Mt Lyell operation, Tasmania

The total 25-year operation is expected to yield 555,000t of copper and 320,000oz of gold over that period. Power supply will be 100% renewable, and average C1 costs over the first 10 years are put...

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