IN BRIEF: Halo Minerals advances Playa Verde towards FID
Halo Minerals PLC - London-based mineral development company - Announces the completion of the BIOS Mining & Infrastructure has completed a Class 3 engineering and cost update for its Playa Verde copper and gold tailings reprocessing project in Chile. The update puts estimated capital expenditure at about USD92.80 million, excluding VAT, and operating costs at USD2.20 per pound of recovered copper. The project is based on processing about 5.0 million tonnes of material per year over an initial seven-year operating life, with annual production targeted at about 8,640 tonnes of recovered copper and 1,400 ounces of gold. Halo says the indicative implementation period is about 18 months, with the study assuming start-up in October 2028. The company says it is now progressing the remaining technical, commercial and financing workstreams needed for a final investment decision, including an updated Competent Person's Report, value engineering, permitting, commercial contracting and financing. Read More