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Mining

Cordoba Minerals files NI 43-101 feasibility study for Alacran

Cordoba Minerals Corp (TSX-V:CDB, OTCQB:CDBMF) has filed an NI 43-101 Technical Report for the Alacran project in Colombia. The report supports the previously disclosed Feasibility Study, revealing an initial capital cost of US$420.4 million for a truck-shovel open pit mine. Key highlights include an after-tax Net Present Value of US$360 million, an Internal Rate of Return of 23.8%, and a 3-year payback period. Life of mine cash costs for copper are projected at US$2.66/lb. The report, with an effective date of December 18, 2023, is filed on SEDAR.

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