Lara Exploration Ltd. (LRA) Economic Study
TSXV: LRA · Copper, Gold · Advanced Exploration stage
- Market cap$242.4M
- Share price$3.91
- 52-week range$2.08 – $4.69
- Shares outstanding61,997,362
- ExchangeTSXV
- Websitewww.laraexploration.com
Lara is an exploration company, focused on advancing its 100%-owned Planalto Copper-Gold Project in the Carajás mining district in northern Brazil. Based on the recent Planalto PEA report, it is anticipated that Planalto will be developed as a conventional open pit mine with a low strip-ratio, processing 8 Mtpa via a conventional crushing and grinding circuit followed by froth flotation. A single saleable chalcopyrite concentrate with a minor gold credit is to be transported internationally to third-party smelters. During the first 6 years, the PEA1 production schedule produces on average 36 kt (79 million lb) of copper and 7200 oz of gold per year, and over an 18-year mine life, Planalto will produce 560 kt (1.2 billion lb) of copper and 111,000 oz of gold. The project is located on private farmland, 4 km from the state highway with high tension powerlines alongside and close to two major Carajás mining towns within excellent infrastructure.
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Lara Exploration Ltd. economic studies
No economic study (PEA, pre-feasibility or feasibility) is on file for Lara Exploration Ltd..