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Nevsun Resources Ltd. (NSU:CA)

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Web site: 
http://www.nevsun.com/

Nevsun Resources Ltd. is a gold and base metal developer focused on the rapid completion and production of the Bisha Mine in Eritrea, Africa.  The Bisha Project is a fully financed and permitted high-grade gold, copper and zinc deposit with production anticipated in fall 2010.    



The Bisha Project has received continuous support from the Eritrean government, who granted the Company's mining license in January 2008.   The project is positioned to become the first modern day mine in this NE African country, with production projected to return payable metals of :



1.06 Million Oz Gold  |  9.4 Million Oz Silver  |  734 Million Lb Copper |  1,075 Million Lb Zinc



At current metal prices, the Project is expected to generate enough cash in the first two and a half years to repay all debt facilities, in addition to further mine expansion.  The Bisha Mine will be a low-cost gold producer for the first two years and a low-cost, high-grade copper and zinc producer for the remaining 10 year mine life. Further resource potential exists at depth and from nearby discoveries within the Company’s licensed areas.

Links: 
Properties
Corporate Presentation
Fact Sheet
NSU:CA
Category: 
Mining