Bullish Discovery adds contingency funds to pad cots

In an economic update on the project's Bankable Feasibility Study (BFS), the company says although capital costs have increased, operating costs continue to be in the middle of the copper producer's cost curve, with the updated 10-year average cost of US$1.04/pounds(lb) from January's US$1.06/lb.

The company says while they have not re-estimated any costs, they have added an extra allowance of US$19m as contingency while the base case includes US$10m for a power line from Maun to the Boseto site.