() (OTCMKTS: DSMTF) () hired Knight Piésold, an experienced mining consultancy, to conduct scoping studies and appraisals on the company’s Haib copper project in Namibia.

The studies will include the assessment of the different energy options available for the project, including renewable sources, and the presentation of a roadmap for the completion of an Environmental and Social Impact Assessment (ESIA) for the asset. .

READ: Deep-South Resources reveals first results from 10,000-meter drill program at flagship Haib copper project in Namibia

“We are delighted to begin a collaboration with Knight Piésold, a leader in mining engineering, who has extensive experience in Namibia,” Pierre Leveille, CEO of Deep-South said in a statement.

“We are convinced that their studies will provide solid advice and add value to the project.

The Haib copper porphyry deposit, which lies within a 37,000 hectare (ha) complex, is arguably the oldest of its type in the world and one of the largest in Africa.

It already has an indicated resource of 3.1 billion pounds of red metal, while 2.2 billion is classified as deducted. A preliminary economic appraisal (PEA) fixed the net present value (NPV) after tax at $ 957 million with an internal rate of return (IRR) of 29.7%, using a copper price of $ 3 per pound.

As part of the scoping, Knight Piésold will also undertake a high level assessment of the various water options available to the project and examine how heap leach treatment can work.

To this end, it will review the work already completed and consider the conceptual sizing and design of the heap leach platform, ponds and irrigation system and recommendations for future studies.

Founded in South Africa 100 years ago, Knight Piésold operates in over 15 countries and has an established office in Namibia since 2008.

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