Bravo Mining’s (TSX.V: BRVO, US-OTC: BRVMF) Luanga nickel-platinum project in Pará, Brazil, has a solid investment case, president Simon Mottram says in a new video interview.
A preliminary economic assessment (PEA) published early this month shows a base-case net present value (NPV) of $1.25 billion (C$1.7 billion). It also outlines an alternate-case NPV of $1.86 billion. This highlights a clear path to finish a pre-feasibility study later this year. The PEA proposes a 17‑year open‑pit mine with average annual free cash flow of $143 million under the concentrate‑sales scenario and $217 million with on‑site smelting.
“The step from PEA to PFS is not a huge step; the majority of that work is done,” Mottram told The Northern Miner during an industry conference in Boca Raton, Fla.
Fine‑tuning the $495.8 million capital outlay to build the mine and improving metallurgical recoveries will define the preferred development route, the executive explained.
The project has easy access to infrastructure, including paved roads, hydropower lines and rail. Also, the preliminary licence issued in March clears a big permitting hurdle.
Watch below the full chat with The Northern Miner’s western editor, Henry Lazenby.
Be the first to comment on "Video: Bravo eyes PFS for $1.2B nickel-platinum mine"