ESIA and permitting progressing;
Avalon Minerals Ltd (ASX: AVI) ('Avalon' or 'Company') has progressed work on a 2.0Mtpa Target Case for the contemplated development of the Viscaria Copper Project in Sweden (see ASX announcement 18/12/2015).
This is presented in the attached updated Corporate Presentation. The results of this work demonstrate that a 2.0Mtpa project delivering greater than 20,000t copper in concentrate per annum is a viable development scenario.
Increased mining inventory has come from an expanded open pit and an increased degree of confidence in exploration potential from holes drilled at the end of 2015, but not included in the 2015 mineral resource estimate.
Detailed reappraisal of all drilling data has also identified significant opportunities for improved project metrics, such as additional copper mineralised zones in the footwall and hangingwall of A and B zone orebodies, and improved understanding of the structural model and geometry for the A, B and D Zone orebodies.
Operating and Capital costs have been carefully benchmarked providing a high level of confidence in input parameters.
The Environment and Social Impact Assessment (ESIA) activities are continuing and provide critical input into the environmental permitting required to allow for development.
Mr Malcolm Norris Managing Director Avalon Minerals Ltd Tel: 07 3368 9888
Email: [email protected]
April 2016
DISCLAIMER
DISCLAIMER
To the maximum extent permitted by law, no representation, warranty or undertaking, express or implied, is made and, to the maximum extent permitted by law, no responsibility or liability is accepted by Avalon or any of its officers, employees, agents or consultants or any other person as to the adequacy, accuracy, completeness or reasonableness of this Presentation. To the maximum extent permitted by law, no responsibility for any errors or omissions from this Presentation whether arising out of negligence or otherwise is accepted.
This Presentation contains general information about Avalon Minerals Limited (Avalon) which is in the business of exploring for minerals which is a speculative and risky venture. It does not purport to contain all the information that a prospective investor may require. The Presentation should not be considered as an offer or invitation to subscribe for or purchase of any securities in Avalon and no agreement to subscribe for securities will be entered into on the basis of this Presentation.
Potential investors should conduct their own investigation and analysis and should check the accuracy, reliability, and completeness of the information provided and obtain independent and specific advice from appropriate professional advisors.
FORWARD-LOOKING STATEMENTS
This Presentation includes certain statements that may be deemed "forward-looking statements". All statements in this Presentation, other than statements of historical facts, that address future activities and events or developments that Avalon expects, are forward looking statements.
Although Avalon believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward- looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in forward-looking statements.
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AVALON MINERALS - SIMPLE STORY