ACG Metals Updates Gediktepe Project to US$1.2 Billion NPV
ACG Metals Limited (LSE: ACG) has released an updated Competent Person's Report for its Gediktepe mine, significantly increasing the project’s net present value from $265 million in 2024 to approximately $1.2 billion as of 2026. The report highlights a substantial uplift in Ore Reserves and production forecasts. The updated estimates show an increase in average annual copper equivalent (CuEq) production by about 60%, reaching around 36 kt between 2027–2031, compared to the previous target of 20–25 kt. The company has also revised its FY2026 guidance upward due to strong oxide production performance in H1 and a rephased sulphide schedule aimed at ensuring safe plant operations. The report outlines an improved mine plan with extended value over an initial life-of-mine of 11 years, including enriched ore treatment expected to add approximately 84kt CuEq. The updated Ore Reserves now stand at 26.5 Mt and include higher quantities of copper, zinc, gold, and silver compared to the prior year.
Tickers: $ACGAF
Topics: copper ore_reserves production_forecast