Panoro Minerals is advancing its 100% owned Cotabambas Copper/Gold/Silver Project in Peru into pre-feasibility studies. The PFS is fully funded, the infill and step-out drilling programs have commenced and technical studies are underway. The company is planning a number of enhancements to the project including higher mining grades in the early mine life, increased metallurgical recoveries, reduced wasterock production and increase commodity prices for inclusion in the PFS. The enhancements are expected to add significant value to the already strong project economics
The Cotabambas project is a porphyry copper-gold-silver deposit, located 48 km south west of the city of Cusco, in the Apurimac region in Southern Peru. Good infrastructure surrounds the project; such as power, road, railroads and ports. Technical Reports for both the Resource Estimates and the PEA have been completed. Also, environmental and community agreements for the both are in place. The Company is targeting an increase to the 722 Mt resource and increases to the project financial metrics as part of the PFS.
Panoro Minerals' Cotabambas project is the only advanced stage copper project owned by a junior exploration company in the region where a number of previously advanced projects have been acquired by important international mining companies. Panoro Minerals has funded the work programs to complete the PFS and DFS.