Looking southeast from the Hushamu deposit at the North Island copper-gold project on Vancouver Island, BC. Credit: NorthIsle Copper and Gold
Northisle Copper and Gold (TSXV: NCX) has issued a new preliminary economic assessment for its North Island project that it says demonstrated “excellent economics” for the staged development of one of the most promising copper-gold projects in British Columbia.
The PEA estimated an after-tax net present value of C$2 billion ($1.5 billion) at a 7% discount rate, an after-tax internal rate of return of 29% and a 1.9-year payback period in the base-case scenario. These figures would improve when applying spot metals prices, with NPV of C$3.8 billion ($2.6 billion), IRR of 45% and a 1.4-year payback.
The assessment is based on a proposed two-phase development of the Northwest Expo and Red Dog deposits, followed by the Hushamu deposit concurrent with a plant…
