Halo Minerals - audio summary of CPR analysis 21 October 2026

Equity Development2 days ago1:05

Halo Minerals has released the details from the updated Competent Person's Report on its Playa Verde copper tailings project in Chile. The company highlighted 4 scenarios based on: ore reserves alone, the extraction of the full mineral resource, and then both those scenarios with a US$6m capex saving and a 25% drop in sulphuric acid pricing to US$150/t, discount rates of 8% and 10% were used. The company also outlined the potential for a 25 to 30% increase in ore reserves in the short term and potential capex saving of in total as much as US$10m and a potential US$4.4m lift in NPV through optimising the dredging starting point and extraction sequence. The company has not published the updated CPR so, based on the RNS and the Admission Document, the CPR and using an 8% discount rate, we have calculated a fair value of 47p per share for Halo Minerals.

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