Josemaria Resources Inc. (TSX: JOSE) (OTC: JOSMF) Feasibility Study on Flagship Project Yields Bright Future in Copper, Gold

  • Josemaria Resource’s flagship copper-gold-silver Josemaria Project is located in Argentina’s San Juan province
  • Company has recently published its NI 43-101 compliant feasibility study on the project
  • Mine expected to generate an average annual production of 136,000 tonnes of copper, 231,000 ounces of gold and 1,164,000 ounces of silver over its 19-year life
  • Study indicates $1.53 billion after-tax Net Present Value at an 8% discount rate, 15.4% Internal Rate of Return at metal prices of $3.00 per pound copper, $1,500 per ounce gold, $18 per ounce silver
  • The Josemaria Project return increases to $US2.3Bn After-Tax NPV8 and 18.5% IRR as calculated by metal prices on November 12, 2020 of $US3.14/lb Cu, $US1883/oz Au and $US24.33/oz Ag (https://ibn.fm/zR4Ip)
  • JOSE anticipates a 3.8-year, rapid payback period on initial capital investment from start of production

Josemaria Resources (TSX: JOSE) (OTC: JOSMF) (Nasdaq Stockholm: JOSE), a Vancouver, BC, Canada-based natural resources company, recently released the results of an independent NI 43-101 compliant feasibility study on its flagship project, the wholly-owned copper-gold-silver Josemaria Project located in the San Juan Province, Argentina (https://ibn.fm/DlDYg). Prepared by a team led by Fluor Canada Ltd. alongside SRK Consulting (Canada) Inc. and Knight Piesold Ltd., the study revealed a robust and relatively low-risk project with a rapid 3.8-year payback period.  The mine is planned as an open pit operation feeding a conventional process plant at a Life-of-Mine average rate of 152,000 tonnes a day over a 19-year mine life.

The feasibility study projects average annual metal production of 136,000 tonnes of copper – equivalent to nearly 0.7% of annual global copper production, 231,000 ounces of gold and 1,164,000 ounces of silver on average over its life span with higher output early in the mine life. Similarly, the study indicated a…

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NOTE TO INVESTORS: The latest news and updates relating to JOSMF are available in the company’s newsroom at https://ibn.fm/JOSMF

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