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United States

CuMo Project

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Categories

Overview

Mine TypeOpen Pit
StagePreliminary Economic Assessment
Commodities
  • Molybdenum
  • Copper
  • Silver
  • Tungsten
  • Rhenium
  • Sulphuric acid
Mining Method
  • Truck & Shovel / Loader
Mine Life... Lock
SnapshotCuMo Project is the largest un-mined molybdenum project in the world.

Owners

SourceSource
CompanyInterestOwnership
Multi-Metal Development Ltd. 100 % Indirect
Multi-Metal Development Ltd, a Canadian natural resource exploration and development company is the largest shareholder in Idaho Copper Corp. (IDCU) which owns 100% interest in CuMo project.

Deposit type

  • Porphyry
  • Vein / narrow vein

Summary:

The CuMo deposit is a porphyry type deposit and has been classified as a porphyry copper molybdenum deposit (Klein, 2004; Spanski, 2004), or as a porphyry molybdenum-copper (low fluorine type) deposit (Mutchler et al, 1999).

The CuMo deposit is primarily of economic interest for its Mo content but contains significant values of Cu and Ag. Low-grade zones of copper enrichment typically form above and partially overlap with molybdenum shells in porphyry molybdenum deposits (Carten et al, 1993). The CuMo deposit is classified as a porphyry Mo-Cu deposit (Mo greater than 0.04% and Cu being potentially economically significant).

The CuMo deposit is typical of large, dispersed, low-grade molybdenum ± copper deposits. These systems are associated with hybrid magmas typified by fluorine-poor, differentiated monzogranite igneous complexes, characteristic of continental arc terranes. Due to their larger size, the total contained potentially economic molybdenum in these types of deposits can be equivalent to or exceed that of high-grade molybdenum deposits such as Henderson or Climax (Carten et al, 1993).

Molybdenum mineralization was discovered at CuMo in 1963. The only other molybdenum showing in Boise County is the Little Falls molybdenum prospect, which is situated just to the northeast of CuMo.

Mineralization on the property occurs in veins and veinlets developed within various intrusive bodies. Molybdenite occurs within quartz veins, veinlets and vein stockworks. Individual veinlets vary in size from tiny fractures to veinlets five centimeters in width, with an overall thickness averaging 0.3-0.4 cm. Pyrite and/or chalcopyrite are commonly associated with molybdenite although molybdenite can occur alone without other metallic mineralization.

Chalcopyrite occurs in quartz-pyrite + molybdenite veinlets, in magnetite + pyrite as well as in pyritebiotite + quartz + magnetite veins with secondary biotite halos. Scheelite is common on the property and closely parallels the distribution of molybdenite (Baker, 1983).

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

CommodityProductUnitsAvg. AnnualLOM
Molybdenum Metal in concentrate M lbs 431,292
Copper Metal in concentrate M lbs 842,526
Silver Metal in concentrate koz 3,575107,239
Molybdenum Equivalent M lbs 1,908

Operational metrics

Metrics
Daily mining rate  ....  Subscribe
Daily ore mining rate  ....  Subscribe
Daily processing rate  ....  Subscribe
Annual processing capacity  ....  Subscribe
Stripping / waste ratio  ....  Subscribe
Waste tonnes, LOM  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
Total tonnes mined, LOM  ....  Subscribe
Tonnes processed, LOM  ....  Subscribe
* According to 2020 study.

Production Costs

CommodityUnitsAverage
Cash costs Molybdenum Equivalent USD  ....  Subscribe
C1 cash costs Molybdenum USD  ....  Subscribe
Assumed price Rhenium USD  ....  Subscribe
Assumed price Sulphuric acid USD  ....  Subscribe
Assumed price Molybdenum USD  ....  Subscribe
Assumed price Copper USD  ....  Subscribe
Assumed price Silver USD  ....  Subscribe
* According to 2020 study / presentation.
** Net of By-Product.

Operating Costs

Currency2020
OP mining costs ($/t milled) USD 3.32 *  
Processing costs ($/t milled) USD  ....  Subscribe
G&A ($/t milled) USD  ....  Subscribe
Total operating costs ($/t milled) USD  ....  Subscribe
* According to 2020 study.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M USD  ......  Subscribe
Sustaining CapEx $M USD  ......  Subscribe
Closure costs $M USD  ......  Subscribe
Total CapEx $M USD  ......  Subscribe
OP OpEx $M USD  ......  Subscribe
Processing OpEx $M USD 7,042
G&A costs $M USD 805
Total OpEx $M USD  ......  Subscribe
Total Taxes $M USD  ......  Subscribe
Gross revenue (LOM) $M USD  ......  Subscribe
Net revenue (LOM) $M USD  ......  Subscribe
Pre-tax Cash Flow (LOM) $M USD  ......  Subscribe
After-tax Cash Flow (LOM) $M USD  ......  Subscribe
Pre-tax NPV @ 5% $M USD  ......  Subscribe
Pre-tax NPV @ 10% $M USD  ......  Subscribe
Pre-tax NPV @ 8% $M USD  ......  Subscribe
After-tax NPV @ 5% $M USD  ......  Subscribe
After-tax NPV @ 10% $M USD  ......  Subscribe
After-tax NPV @ 8% $M USD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe
After-tax IRR, %  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Required Heavy Mobile Equipment

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AV - Autonomous

Personnel

Mine Management

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....................... Subscription required ....................... Subscription required Subscription required Mar 11, 2020
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Aerial view:

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