Boseto Copper Project BFS Economics Update - Discovery Metals ...

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Drilling for FeasibilityStudyYear 2006 2007 2008 2009 2010 2011Quarter 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4Pre-Feasibility StudyEnvironmental StudiesBankable Feasibility StudyProject FinanceConstructionCommissioningCopper & Silver ProductionSeptember 20098
Capital has not been re-estimated but US$19m extra allowed.Further drilling capital included for 2010 – US$8m.Mine plan (by Snowdens) based on May 09 resource.Owner mining (previously contractor).Mining costs refined by in-house cost estimation expert.Comminution is jaw crusher, SAG mill with ball mill now added.Staffing and organisation structure finalised.Wet tailings disposal confirmed (after water resource announced).BFS Progress Update base case is grid power.Position with grid power availability remains uncertainSelf generation power additional cost itemised separately. Conservative copper pricing left unchanged from January 2009.Extensive cost details provided in the additional slides.September 20099
Page 1 and 2: 6 October 2009ASX RELEASEBOSETO COP
Page 3 and 4: September 2009September 20091
Page 5 and 6: Since the publication of the Pre-Fe
Page 7 and 8: ‣ This is the third of four Boset
Page 9: 2 Million tonnes p.a. concentrator
Page 13 and 14: Cost - Basis PFS XPFSDateBFS Progre
Page 15 and 16: $1.50Industry Average Estimates$1.0
Page 17 and 18: Cost - US$/lb* 1 PFS XPFSBFS Progre
Page 19 and 20: USD millions200150100US$4.00/lbUS$3
Page 21 and 22: Opportunities PossibleExpand Boseto
Page 23 and 24: New power line from MaunPL 98/2005P
Page 25 and 26: Capital costs have not been updated
Page 27 and 28: GM OperationsDepartments Site Gabor
Page 29 and 30: Fleet Machine Number Annual HoursWA
Page 31 and 32: Oxide material (which is less than
Page 33 and 34: Recruitment,$0.10Support labour,$0.
Page 35 and 36: Contingency,$0.5Support labour,$0.4
Page 37 and 38: NamibiaBotswanaBoseto SiteGobabisWa
Page 39 and 40: Contingency,$0.5ConcentrateFreight,
Page 41 and 42: US$/lb3.50300 3.002.502.001.502011

Boseto Copper Project BFS Economics Update - Discovery Metals ...

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