Ecora Resources PLC (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF) has noted the Capstone Copper Corp updated Feasibility Study on the Santo Domingo project, over which Ecora holds a 2% Net Smelter Return royalty.
The group's royalty area includes the highest copper grade portion of the deposit, expected to be mined during the initial 6 to 7 years of production.
The 2024 FS outlines an after-tax net present value at an 8% discount rate of $1.7 billion and an after-tax internal rate of return of 24.1%
Over the first seven years of the mine plan, production is expected to average 106,000 tonnes of copper and 3.7 million tonnes of iron concentrate at first-quartile cash costs of $0.28 per payable pound of copper produced.