Ecora Resources (GB:ECOR) has released an update.
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Ecora Resources PLC has announced that its 2% Net Smelter Return royalty on the Santo Domingo project is part of a deposit with a newly updated Feasibility Study, revealing significant potential with an estimated after-tax net present value of $1.7 billion and a 24.1% internal rate of return. The study, prepared by Ausenco, reports an average annual production of 106,000 tonnes of copper and 3.7 million tonnes of iron concentrate over the first seven years, with a 19-year mine life supported by a substantial Mineral Reserve increase. Ecora’s strategy aligns with a sustainable future, focusing on acquiring royalties in commodities like copper, essential for the energy transition.
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