- Western Copper and Gold (WRN) is releasing results from a feasibility study on its Casino Project
- The copper-gold-molybdenum deposit is located in the Yukon
- The company says the study results reaffirm its position the Casino Project is a long-life copper-gold producer
- The study foresees the operation processing 120,000 tonnes of material per day to recover copper, gold, molybdenum and silver
- The feasibility study predicts a mine life of approximately 27 years
- Western Copper and Gold is down 4.98 percent, trading at $1.91 at 2:49 pm ET
Western Copper and Gold (WRN) is releasing results from a feasibility study on its Casino Project.
The copper-gold-molybdenum deposit is located in the Yukon.
The Vancouver-based precious metals exploration company views the results as positive.
The study itself considered the project being constructed as an open pit mine, with a concentrator processing 120,000 tonnes per day to recover copper, gold, molybdenum and silver, as well as a 25,000 tonnes per day oxide heap leach facility to recover gold, silver and copper.
The Casino Project comprises the processing of 1.43 billion tonnes of Mineral Reserve for both the mill and heap leach.
“The results from the Feasibility Study confirm the project’s robustness and ability to withstand inflationary pressures.”, said President and CEO Paul West-Sells.
“This Study reaffirms Casino as one of the very few long-life copper-gold projects with robust economics in a top mining district, the Yukon. We are continuing to collaborate with our strategic investor, Rio Tinto, and continue to engage with First Nations and community stakeholders to advance this project toward the submission of Casino’s Environmental and Socio-Economic statement in mid-2023.”
The feasibility study predicts a mine life of approximately 27 years with leaching operations lasting for 24 years.
Western Copper and Gold is down 4.98 percent, trading at $1.91 at 2:49 pm ET.