Key Points:
- Feasibility Study enters Stage 2
- Development strategy planned for end-March 2011
- Encouraging cash flow estimates
GCR has received, from China Automated Control Systems (CACS), the Copper Hill Feasibility Study – Stage 1 Report by China Nerin Engineering Co. Ltd entitled Copper Hill Cu-Au Mine Project – Technical and Economic Evaluation Report. The report is comprehensive, provides cost estimates of all development aspects of the project and recommends GCR proceed to produce a copper-gold sulphide concentrate on site for sale.
The consulting agreement with CACS has been concluded. GCR is now embarking on Stage 2 of the Feasibility Study and has appointed Whittle Consulting to create an enterprise optimisation model for Copper Hill by late-March 2011. Preliminary results are expected in early March.
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