BFS shows Discovery could extend Boseto mine life
ASX-listed Discovery Metals Limited (DML) on Tuesday reported that a bankable feasibility study (BFS) of its BOSETO copper project, in Botswana, has demonstrated the economic potential for the operations to continue beyond 15 years.
The BFS evaluated all aspects of the development of an openpit mine at BOSETO, which would produce and process three-million tonnes a year of copper/silver ore, over a five-year period.
The purpose of the BFS was to allow for the rapid development of the BOSETO site, with construction starting in the fourth quarter of this year, and commissioning of the concentrator set to start in the first quarter of 2012. The development plan, in turn, evaluated the longer-term mining potential at BOSETO and included the establishment of both an open-pit and underground mine to feed the three-million ton a year concentrator.
The development plan found that from [continue reading]