Hot Chili (ASX:HCH) released a preliminary feasibility study for the Costa Fuego copper-gold project in Chile, adding that the mine life was extended to 20 years, according to a Thursday Australian bourse filing.
The total copper and gold production was estimated to be 1.5 million tonnes of copper and 780,000 ounces of gold, with a total life-of-mine revenue of around $17.3 billion.
During the first 14 years, the project's increased annual average production rate totals 116,000 tonnes of copper equivalent, comprising 95,000 tonnes of copper and 48,000 ounces of gold.
The firm will submit its stage one environmental impact assessment to keep the project on track for the first production.
Integrating the La Verde into copper-gold porphyry discovery into the Costa Fuego stage two copper production hub has the potential to materially enhance project economics in the area ahead of a planned definitive feasibility study.
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