Atalaya Mining Plc will conduct a study over the next three months to evaluate the feasibility of increasing the mining and processing capacity at its Proyecto Riotinto copper project in Spain.
The study will evaluate the feasibility of increasing the capacity to 15 million tonnes per annum, from the current 9.5 mtpa.
If feasible, the additional capacity may result in an increase in copper production to 50,000 to 55,000 tonnes per annum, the company said June 2.
The plan includes looking at the geological modeling and resource and reserve estimates to maintain a mine life between 12 and 14 years.
The study will also assess the potential for maximizing processing capacity using additional crushing and milling equipment.
Tailings storage facilities and auxiliary infrastructure will also be re-evaluated.
If the increase in capacity is approved, construction is expected to be completed in 18 months.