Feasibility Study Confirms Robust Economics for Nussir Copper Project
Summary
Blue Moon Metals Inc. has filed a comprehensive Feasibility Study for its Nussir Project, confirming strong economic viability with a $235 million after-tax NPV and a 19.0% IRR, providing a detailed roadmap for production.
Key Events
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Feasibility Study Filed
Blue Moon Metals Inc. has furnished the full NI 43-101 Feasibility Study for its Nussir Project, detailing the technical and economic viability.
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Strong Project Economics Confirmed
The study confirms an after-tax Net Present Value (NPV) of $235 million (at an 8% discount rate) and an after-tax Internal Rate of Return (IRR) of 19.0%.
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Significant Production Outlook
The project is projected to have a 13-year mine life with average annual production of 19 kilotonnes of copper equivalent, including 3,600 ounces of gold and 546,000 ounces of silver.
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Competitive Cost Structure
Life of Mine (LOM) total cash costs are estimated at $0.95 per pound of copper, with all-in sustaining costs at $2.05 per pound of copper.
Analysis
This filing furnishes the full NI 43-101 Feasibility Study for the Nussir Project, following the company's prior announcement on April 16, 2026, of the study's completion and robust economics. This detailed report confirms the project's strong economic viability with an after-tax Net Present Value (NPV) of $235 million (at an 8% discount rate) and an after-tax Internal Rate of Return (IRR) of 19.0%. The study outlines initial capital expenditures of $184 million for a 13-year mine life, projecting average annual production of 19 kilotonnes of copper equivalent, including significant gold and silver by-products. Total cash costs are estimated at a competitive $0.95 per pound of copper, with all-in sustaining costs at $2.05 per pound. The report provides a comprehensive plan for advancing the project, including a projected start of production in December 2027, and highlights the project's sensitivity to copper prices while noting upside potential from inferred mineral resources. This detailed disclosure significantly de-risks the project and provides a clear path to production.
At the time of this filing, BMM was trading at $8.14 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $519.9M. The 52-week trading range was $0.75 to $8.63. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.