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Lundin Mining Completes Eagle East Feasibility Study, Provides Project Update, Michigan

Published: April 27, 2017 |

[Click image to enlarge]

Lundin Mining Corporation has released the results of a feasibility study, including an updated mineral resource estimate and a maiden mineral reserve estimate, on the high grade Eagle East nickel/copper mineralization, as well as providing an update on the project progress.

“The results of the feasibility study on Eagle East confirm robust project economics and demonstrate significant incremental value to our Eagle Mine operations. The successful permitting and development of Eagle East will extend the life of the operation to the continuing benefit of our shareholders, employees, and local economy. Early decline ramp development has progressed on schedule and within budget. We continue with exploration efforts to find additional mineable mineralization,” said Paul Conibear, president and CEO of Lundin Mining.

PERMITTING AND DEVELOPMENT STATUS

The Michigan Department of Environmental Quality has approved the initial Eagle East access ramp development within the existing Eagle Mine boundary. An application for a modification to the existing Part 632 mining permit to allow the mining of Eagle East, with a supporting environmental impact assessment, was submitted in late March 2017 and a decision is expected by late 2017. While some additional permit modifications are required for the continued mining of Eagle, no other specific permits are required for the mining of Eagle East.

Development of the Eagle East access ramp by contract miners has accelerated since starting in July 2016. At the end of March 2017, total advance was 1,155 metres with 938 metres of centreline development in the ramp. Supporting ventilation, power and pumping infrastructure has been extended from the existing Eagle mine and new mine equipment on site to support the additional development. Total expenditure to date is approximately $7.5 million.

To read more details in the feasibility study, CLICK HERE


About Lundin Mining
Lundin Mining is a diversified Canadian base metals mining company with operations in Chile, the USA, Portugal, and Sweden, primarily producing copper, nickel and zinc. In addition, until its announced sale has been concluded, Lundin Mining holds an indirect 24 percent equity stake in the world-class Tenke Fungurume copper/cobalt mine in the Democratic Republic of Congo and in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.

To stop by Lundin Mining’s website, CLICK HERE


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