In a February 19, 2020 press release, Capstone Mining Corp. announced positive updates to their Feasibility Study-level Technical Report, published on January 3, 2019, for their Santo Domingo copper-iron-gold project in Region III, Chile. The updates included a higher level of CAPEX/OPEX certainty, as well as the development of a Preliminary Economic Assessment with respect to cobalt production, which M.Plan International provided technical advice and support.
This “2020 PEA Opportunity” contains pricing updates to the economic model for the Base Case and a potential investment decision for producing battery-grade cobalt sulfate. According to Darren Pylot, President and CEO of Capstone, “The 2020 PEA Opportunity for cobalt adds significantly to the already robust copper-iron-gold Base Case. We are very excited as it aligns perfectly with our vision for growth in assets that can deliver strong cash flows in all price environments”.
Lyn Jones, Senior Consultant with M.Plan International, is a Qualified Person for the NI 43-101 Technical Report which will disclose the results of the Base Case, and will assist Capstone in creating a cobalt recovery circuit to produce battery-grade cobalt sulfate, based on their Measured and Indicated Mineral Resources.
To read the complete press release on Capstone’s website, please click here.