Era Resources flagship project Yandera copper-molybdenum in PNG is expecting to complete a feasibility study by the end of 2018, President and Chief Executive of Era Resources, Peter Britz, has revealed.
He said Yandera, which has a measured resource of 195 million tonnes averaging 0.46% copper equivalent, is targeting an overall resource (measured, indicated and inferred) upgrade to around the billion tonne mark.
Britz added that the company was also studying the potential for an oxide leaching operation from 12 target oxide zones near the main Yandera deposit.
The Yandera Project is hosted within a 624-square kilometre tenement package, in Madang Province.
Era Resources Inc. is a Canadian-domiciled mineral resource company focused on the discovery, exploration and development of base metals globally.
Era completed a name change from Marengo Mining Limited in 2015, reflecting a new, broader corporate outlook.
An experienced senior management team and board of directors are tasked with leading Era through the next phase of its evolution.
Era Resources is listed on the Toronto Stock Exchange under the stock code ERX.