Atico Mining (TSE:ATY) has released an update.
Atico Mining has completed a Definitive Feasibility Study for its La Plata Project in Ecuador, indicating substantial probable mineral reserves and projected annual production over an 8.1-year life span. The study predicts a robust after-tax NPV of US$93 million and an IRR of 25.1%, with significant exploration potential remaining as only 1.6% of the land has been explored. The project’s initial capital expenditure is estimated at US$91 million, with opportunities for further economic enhancements as engineering progresses.
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