Panoro Minerals Ltd. Advances Cotabambas Project Towards Pre-Feasibility with Major Resource Increases
- Panoro Minerals Ltd. reports a 43% increase in resource estimates for its Cotabambas Project in Peru.
- The company aims for an initial production rate of 40,000 tons per day, potentially increasing to 80,000 tpd.
- Panoro targets a net present value over $2 billion and a capital expenditure of around $1 billion for the project.
Panoro Minerals Advances Cotabambas Project Towards Pre-Feasibility Study
Panoro Minerals Ltd. is making significant strides in its Cotabambas Project located in Peru, which is on track to become a leading copper mining operation. Following a recent corporate presentation, the company reveals impressive advancements, particularly in resource estimation. The Cotabambas Project showcases a remarkable 43% increase in measured, indicated, and inferred resources, along with a substantial 333% rise in indicated resources. Additionally, there is a notable 247% increase in high-grade zones, which remain open both at depth and along strike, indicating further potential for resource expansion. These enhancements are critical as Panoro prepares to advance towards a Pre-Feasibility Study, marking an essential step in the project's development.
The company also focuses on optimizing waste storage areas, which aims to minimize initial capital costs while maximizing operational efficiency. By prioritizing a high-grade starter pit, Panoro seeks to enhance metal recoveries, thereby improving the project's overall economic viability. The mine plan envisions an ambitious initial production rate of 40,000 tons per day (tpd), with aspirations to increase this to 80,000 tpd within four years. The company is targeting a net present value (NPV) of over $2 billion, with an initial capital expenditure (CAPEX) projected at around $1 billion. This ambitious financial outlook includes an internal rate of return (IRR) exceeding 20%, a payback period of approximately three years, and a favorable NPV/CAPEX ratio greater than 2.0.
Panoro Minerals' 2025 Project Preliminary Economic Assessment (PEA) aims to create substantial value through optimized infrastructure and updated commodity pricing. The company’s commitment to advancing the Cotabambas Project underscores its strategic focus on copper production, a critical component of the global energy transition and electric vehicle markets. By aligning project development with responsible practices and sustainable mining techniques, Panoro positions itself as a key player in the industry, ready to meet the growing demand for copper while delivering value to its stakeholders.
In addition to resource advancements, the enhancement of gold and silver grades at the South Pit further bolsters the project's attractiveness. These improvements not only solidify the mine's potential for profitability but also diversify the revenue streams for Panoro Minerals. As the company continues to progress towards key milestones, the focus remains on responsible reporting and transparent engagement with stakeholders, ensuring that the Cotabambas Project is developed in alignment with best practices in the mining sector.