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Reservoir reveals $1bn Upper Zone value

If you've been tracking some of the stellar drill results and resource numbers coming out of the Timok JV copper-gold project in Serbia, you will have been waiting for some pretty good numbers from initial economic studies.

Reservoir reveals $1bn Upper Zone value Reservoir reveals $1bn Upper Zone value Reservoir reveals $1bn Upper Zone value Reservoir reveals $1bn Upper Zone value Reservoir reveals $1bn Upper Zone value

Drilling at the Timok JV in Serbia

But with an after-tax NPV of almost US$1 billion and an IRR of 84% using today's prices, the preliminary economic assessment estimates have surely surpassed most expectations.

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