Wallbridge PEA for Fenelon gold project outlines $490m capex, 4.2-year payback

Antofagasta has released the inaugural resource estimate on its Encierro project and a resource update on the Cachorro project.

The study envisions a 17-year operation that will excavate a total of 26.3 million tonnes of ore grading 0.87% Li2O.

Pre-construction work at the Curipamba-El Domo copper and gold project is expected to begin this year and construction in Q2 2023.

The Barry project has an after-tax NPV of C$48.3 million (at a 5% discount rate) and a 43% IRR.

In recent years the uptick in the price of precious metals has reinforced their reputation as a store of value and leading drivers of mining activity around the world.

The company regards the Bonita zone as a "very high-priority drill target" that it plans to follow up on during the South American spring season.

E3 says the brine production well will provide critical data such as brine chemistry, lithium concentrations and reservoir characteristics of the Clearwater project area.

Most of the deposits were discovered in Karamoja, a parched sprawling area in the country's northeastern corner on the border with Kenya.

Province holds the largest lithium reserves in Canada and nearly half of the lithium projects currently underway.