Discovery studies Maun underground copper mine

31 March, 2010 in Botswana, Business, Mining

source: Mmegi
BRAIN BENZA
Staff Writer

Botswana Stock Exchange (BSE)-listed Discovery Metals Limited (DML) has reported that a scoping study at its Boseto copper project, in Botswana, has confirmed the economic viability of underground operations at the Zeta mineral resource.

“The positive results of this study are very encouraging. The study shows that a Zeta underground mine has the potential to add significant value to shareholders through increased operational flexibility and optionality in relation to the copper price, production volumes and extensions to mine life,” said DML managing director Brad Sampson in a statement.

In addition, the scoping study has shown that the mine has a “very low” incremental development capital cost with attendant scope for rapid payback, Sampson added.

“We envisage that the Zeta underground proposal will improve in the future because at this stage the scoping study manager has [continue reading]

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