Material Uplift in Gediktepe NPV to US$1.2bn

Summary by AI BETAClose X

ACG Metals Limited has announced an updated Competent Person's Report for its Gediktepe mine, significantly increasing the asset's post-tax Net Present Value to US$1.2 billion. This update reflects a projected 60% increase in average annual production to approximately 36 kt CuEq between 2027 and 2031, with total life-of-mine production expected to reach 352kt CuEq over 11 years. The Ore Reserve tonnage has grown by 43% to 26.5 Mt, containing increased copper, zinc, gold, and silver. Furthermore, an enriched ore treatment project is anticipated to add 84kt CuEq to life-of-mine production, enhancing the total post-tax NPV by $365 million, with production commencing in Q3 2027. The company has also improved heap-leach gold recovery to 85% and is exploring the acquisition of the Keşkek licence for additional upside.

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