Geomechanics.io

  • Free Tools
Sign UpLog In

    Geomechanics.io

    Geomechanics, Streamlined.

    © 2026 Geomechanics.io. All rights reserved.

    Geomechanics.io

    CMRR-ioGEODB-ioHYDROGEO-ioQCDB-ioFree Tools & CalculatorsBlogLatest Industry News

    Industries

    MiningConstructionTunnelling

    Company

    Terms of UsePrivacy PolicyLinkedIn
    Projects

    Blue Moon’s 13‑year Nussir copper mine: economics and schedule for engineers

    April 17, 2026|

    Reviewed by Tom Sullivan

    Blue Moon’s 13‑year Nussir copper mine: economics and schedule for engineers

    First reported on MINING.com

    30 Second Briefing

    Blue Moon Metals’ updated feasibility study for the Nussir copper project in northern Norway outlines a 13‑year underground operation producing an average 19,000 tonnes CuEq per year, including 3,600 oz gold and 546,000 oz silver, from measured and indicated resources of 28.72 million tonnes at 1.2% CuEq. The base case gives an after‑tax NPV8 of $235 million, 19% IRR and initial capex of $184 million, with copper accounting for 77% of payable metal. Hot commissioning of the process plant is targeted for Q3 2027, with first production in December 2027 and scope to extend mine life using inferred resources and the separate Ulveryggen deposit.

    Technical Brief

    • Feasibility study considers only the underground Nussir deposit; Ulveryggen resources are excluded from economics.
    • Measured and indicated resources of 28.72 Mt at 1.2% CuEq include ~25 Mt proven and probable at 0.99% CuEq.
    • Deposit remains open to the west and at depth, with 200 m step-out drilling at >1,000 m depth ongoing.
    • Scenario using 50% of inferred resources adds 5 years’ mine life and lifts NPV by an estimated 52%.
    • Long-term price deck underpinning the case uses US$4.78/lb Cu, US$3,515/oz Au and US$45.26/oz Ag.
    • Payable metal revenue split is heavily copper-weighted: 77% Cu, 6% Au and 13% Ag.
    • Nussir is a brownfield redevelopment of a 1970s operation that mined four shear-hosted open pits until 1979.
    • Blue Moon acquired Nussir in late 2024 to rebalance away from its California zinc project toward near-production copper.

    Our Take

    Blue Moon Metals’ move into the Nussir copper project in northern Norway follows its acquisition of the Apex gallium‑germanium‑copper mine in Utah, signalling a strategy of building a portfolio of polymetallic assets with both base and critical metals exposure across the US and Europe.

    An initial capex of about US$184 million for Nussir against a market capitalisation near US$710 million suggests Blue Moon has balance-sheet capacity to advance the project without immediately resorting to highly dilutive equity, though the 13‑year mine life and 0.99–1.2% CuEq grades mean project finance will likely hinge on securing robust copper and silver offtake terms.

    Geotechnical Software for Modern Teams

    Centralise site data, logs, and lab results with GEODB-io, CMRR-io, and HYDROGEO-io.

    No credit card required.

    • Save and export unlimited calculations
    • Advanced data visualisation
    • Generate professional PDF reports
    • Cloud storage for all your projects

    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

    Related Articles

    Mining
    about 19 hours ago

    Weir’s WARMAN MCR² mill circuit pump: reliability and wear-control notes for plant engineers

    Weir has introduced the WARMAN MCR² mill circuit pump as an evolution of its existing WARMAN mill circuit range, targeting mineral processing plants facing more complex ores, higher throughput and harsher slurry conditions. The MCR² is engineered to give operators tighter control over wear behaviour, maintenance intervals and overall asset condition in high-duty grinding circuits. For plant engineers, the new design signals further options to stabilise mill discharge pumping performance as ore hardness and variability increase.

    Tivan’s Walshy’s Wall drilling: subsurface targets and RC plan for mine planners
    Mining
    about 19 hours ago

    Tivan’s Walshy’s Wall drilling: subsurface targets and RC plan for mine planners

    Tivan has secured final regulatory and heritage approvals to start maiden drilling at the Walshy’s Wall target within the Sandover Fluorite Project in the Northern Territory, with a staged programme of 31 reverse circulation holes scheduled from October. Walshy’s Wall, a manganese–barite gossan discovered by Tivan geologists in October 2025, will be tested for subsurface continuity and grade using RC to penetrate the weathered profile efficiently. Early results will guide follow-up step-out drilling and resource definition across the broader fluorite–manganese system.

    Bellevue Gold board refresh: governance and project finance lens for mine teams
    Mining
    about 19 hours ago

    Bellevue Gold board refresh: governance and project finance lens for mine teams

    Bellevue Gold is adding two independent non-executive directors, Debra Counsell and Tanya Rybarczyk, to its board from 23 September 2026 as part of a planned succession process for the Western Australian gold producer. Both bring more than 30 years’ experience spanning mining, resources, finance and infrastructure, signalling a stronger governance and capital markets focus as Bellevue ramps up its namesake underground operation. The appointments point to closer board scrutiny of project financing, risk management and long-term growth options in a volatile gold price environment.

    Related Industries & Products

    Mining

    Geotechnical software solutions for mining operations including CMRR analysis, hydrogeological testing, and data management.

    Construction

    Quality control software for construction companies with material testing, batch tracking, and compliance management.

    CMRR-io

    Streamline coal mine roof stability assessments with our cloud-based CMRR software featuring automated calculations, multi-scenario analysis, and collaborative workflows.

    HYDROGEO-io

    Comprehensive hydrogeological testing platform for managing, analysing, and reporting on packer tests, lugeon values, and hydraulic conductivity assessments.

    GEODB-io

    Centralised geotechnical data management solution for storing, accessing, and analysing all your site investigation and material testing data.

    AllGeotechnicalInfrastructureHazardsEnvironmental