Josemaria Resources (TSX: JOSE) (OTC: JOSMF), a natural resources company based in Vancouver, British Columbia, recently announced positive results of a feasibility study focused on its wholly owned Josemaria Copper-Gold Project located in the San Juan Province of Argentina. The study reported a 19-year mine life and a robust, rapid pay-back, low-risk project with an open-pit operation feeding a conventional process plant at 152,000 tonnes a day. The study projected 136,000 tonnes of copper, 231,000 ounces of gold and more than a million (1,164,000) ounces of silver in average annual production. “We are extremely pleased with the results of the feasibility study at Josemaria, which indicates that this is one of the very few readily developable copper-gold projects in the world today,” said Josemaria Resources president and CEO Adam Lundin. “This study has materially de-risked the project and forecasts an attractive economic outcome, which is comparable with other large-scale copper/gold projects already being developed or in production today. We believe that Josemaria is perfectly positioned to commence production by mid-decade, meeting rising copper demand from a rapidly electrifying global economy. I believe the study results will allow us to unlock various financing opportunities as we move toward construction.”
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About Josemaria Resources Inc.
Josemaria Resources is a Canadian natural resources company focused on advancing the development of its wholly owned Josemaria Copper-Gold Project in San Juan Province, Argentina. The company published the results of an independent feasibility study on Oct. 19, 2020, which demonstrates a conventional, robust and rapid pay-back, open-pit copper and gold project. Josemaria is a member of the Lundin Group and a proud partner of the Lundin Foundation. Josemaria is laying the groundwork for best practice in responsible mineral development in Argentina. The company is a reporting issuer in all provinces and territories of Canada, and its corporate head office is in Vancouver, British Columbia. The company’s shares are listed on the TSX and Nasdaq Stockholm under the symbol “JOSE” and trade on the OTCQB under the symbol “JOSMF.” For more information, visit the company’s website at www.JosemariaResources.com.
NOTE TO INVESTORS: The latest news and updates relating to JOSMF are available in the company’s newsroom at https://ibn.fm/JOSMF
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