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Posted On: 01/30/2025 3:55:38 AM
Post# of 307
This year we can expect; Offtake agreement with Glencore: Euro Sun has signed a Memorandum of Understanding (MOU) with Glencore to sell all future concentrates from the Rovina Valley project. The agreement gives Glencore the first right to purchase future production and the opportunity to nominate a director to Euro Sun Mining's Board of Directors1.
Environmental responsibility: Euro Sun is working to regain environmental approval for the project after receiving a negative ruling from the court. They have created a new environmental report and plan to resubmit it to obtain the necessary certifications2.
Development of mines: The project focuses on the extraction of copper and gold from the Rovina and Colnic deposits using open excavation methods. The Ciresata deposit is evaluated for underground extraction1.
Economic analysis: A definitive feasibility study (DFS) showed robust financial projections for the project, including an after-tax levy of $512 million and an internal flow rate of 20.5%.
Environmental responsibility: Euro Sun is working to regain environmental approval for the project after receiving a negative ruling from the court. They have created a new environmental report and plan to resubmit it to obtain the necessary certifications2.
Development of mines: The project focuses on the extraction of copper and gold from the Rovina and Colnic deposits using open excavation methods. The Ciresata deposit is evaluated for underground extraction1.
Economic analysis: A definitive feasibility study (DFS) showed robust financial projections for the project, including an after-tax levy of $512 million and an internal flow rate of 20.5%.
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Robert
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