Blue Moon Metals Selects Worley to Prepare a NI 43-101 Feasibility Study For the Nussir Project in Q1-2026 and Advance Basic Engineering
Blue Moon Metals (OTCQB:BMOOF) has selected Worley Limited as the engineering contractor for its Nussir Copper-gold-silver Project in Norway. The scope includes updating the May 2023 JORC-compliant Feasibility Study to a NI 43-101 Feasibility Study and advancing basic engineering work.
The project timeline includes ordering long-lead items in Q4-2025, with detailed engineering expected in 2026. The engineering work will be conducted through Worley's offices in the UK and Canada, following the start of the exploration decline in June 2025. The updated Feasibility Study, expected in Q1-2026, will incorporate results from ongoing mine decline construction, updated expenditure estimates, and innovations in mine design including optical sorting.
Blue Moon Metals (OTCQB:BMOOF) ha scelto Worley Limited come appaltatore ingegneristico per il suo Progetto Nussir Rame-oro-argento in Norvegia. Il lavoro comprende l'aggiornamento dello Studio di Fattibilità conforme a JORC di maggio 2023 a uno Studio di Fattibilità conforme a NI 43-101 e l'avanzamento delle attività di ingegneria di base.
La tempistica del progetto prevede l'ordine degli articoli a lungo termine nel quarto trimestre 2025, con l'ingegneria dettagliata prevista per il 2026. Le attività ingegneristiche saranno svolte negli uffici di Worley nel Regno Unito e in Canada, a partire dall'inizio della galleria di esplorazione nel giugno 2025. Lo Studio di Fattibilità aggiornato, atteso nel primo trimestre 2026, includerà i risultati della costruzione in corso della galleria mineraria, stime aggiornate delle spese e innovazioni nel design della miniera, tra cui il sorting ottico.
Blue Moon Metals (OTCQB:BMOOF) ha seleccionado a Worley Limited como contratista de ingeniería para su Proyecto Nussir de cobre-oro-plata en Noruega. El alcance incluye actualizar el Estudio de Factibilidad conforme a JORC de mayo de 2023 a un Estudio de Factibilidad conforme a NI 43-101 y avanzar en los trabajos de ingeniería básica.
El cronograma del proyecto contempla ordenar los artículos de larga entrega en el cuarto trimestre de 2025, con la ingeniería detallada prevista para 2026. Los trabajos de ingeniería se realizarán desde las oficinas de Worley en el Reino Unido y Canadá, tras el inicio de la galería de exploración en junio de 2025. El Estudio de Factibilidad actualizado, esperado en el primer trimestre de 2026, incorporará los resultados de la construcción en curso de la galería minera, estimaciones actualizadas de gastos e innovaciones en el diseño de la mina, incluyendo el clasificado óptico.
Blue Moon Metals (OTCQB:BMOOF)는 노르웨이에 위치한 Nussir 구리-금-은 프로젝트의 엔지니어링 계약자로 Worley Limited를 선정했습니다. 범위에는 2023년 5월 JORC 기준의 타당성 조사를 NI 43-101 기준 타당성 조사로 업데이트하고 기본 엔지니어링 작업을 진행하는 것이 포함됩니다.
프로젝트 일정에는 2025년 4분기에 장기 조달 품목 주문이 포함되어 있으며, 상세 엔지니어링은 2026년에 진행될 예정입니다. 엔지니어링 작업은 2025년 6월 탐사 갱도 착공 이후 Worley의 영국 및 캐나다 사무소를 통해 수행됩니다. 2026년 1분기에 예상되는 업데이트된 타당성 조사는 진행 중인 광산 갱도 건설 결과, 최신 비용 추정치, 광산 설계 혁신(광학 선별 포함)을 반영할 것입니다.
Blue Moon Metals (OTCQB:BMOOF) a choisi Worley Limited comme contractant en ingénierie pour son projet Nussir cuivre-or-argent en Norvège. Le périmètre comprend la mise à jour de l'étude de faisabilité conforme JORC de mai 2023 vers une étude de faisabilité conforme NI 43-101, ainsi que l'avancement des travaux d'ingénierie de base.
Le calendrier du projet prévoit la commande des articles à long délai au 4e trimestre 2025, avec une ingénierie détaillée prévue en 2026. Les travaux d'ingénierie seront réalisés via les bureaux de Worley au Royaume-Uni et au Canada, après le début de la galerie d'exploration en juin 2025. L'étude de faisabilité mise à jour, attendue au 1er trimestre 2026, intégrera les résultats de la construction en cours de la galerie minière, les estimations de dépenses actualisées et des innovations dans la conception de la mine, y compris le tri optique.
Blue Moon Metals (OTCQB:BMOOF) hat Worley Limited als Engineering-Auftragnehmer für sein Nussir Kupfer-Gold-Silber-Projekt in Norwegen ausgewählt. Der Umfang umfasst die Aktualisierung der im Mai 2023 JORC-konformen Machbarkeitsstudie zu einer NI 43-101 Machbarkeitsstudie sowie die Weiterführung der Basisplanung.
Der Projektzeitplan sieht die Bestellung von langlaufenden Komponenten im 4. Quartal 2025 vor, mit detaillierter Planung im Jahr 2026. Die Ingenieurarbeiten werden über Worleys Büros in Großbritannien und Kanada durchgeführt, nachdem im Juni 2025 der Erkundungsstollen begonnen wird. Die aktualisierte Machbarkeitsstudie, die für das 1. Quartal 2026 erwartet wird, wird Ergebnisse aus dem laufenden Stollenbau, aktualisierte Kostenschätzungen und Innovationen im Minen-Design, einschließlich optischer Sortierung, einbeziehen.
- Partnership with Worley, a leading global professional services company
- Project advancing with exploration decline starting June 2025
- Implementation of innovations like optical sorting to improve project outcome
- Timeline established for long-lead equipment orders in Q4-2025
- None.
TORONTO, July 07, 2025 (GLOBE NEWSWIRE) -- Blue Moon Metals Inc. (“Blue Moon” or the “Company”) (TSXV: MOON; OTCQB: BMOOF), is pleased to announce the selection of Worley Limited (“Worley”), a leading global professional services company of energy, chemicals and resources experts, as the engineering contractor for the update from the May 2023 SRK JORC-compliant Feasibility Study to a maiden NI 43-101 Feasibility Study (“FS”) and advancement of the basic engineering on its flagship Nussir Copper-gold-silver Project, in Norway. The basic engineering on the process plant will allow us to order long-lead items in Q4-2025. Detailed engineering is expected to follow from the basic engineering in 2026.
The decision follows a competitive tender and evaluation process to identify a top-tier engineering partner to update the May 2023 JORC-compliant Feasibility Study and to advance the project to basic engineering and support the construction decision. This update will provide a solid base for the construction of the full project following the start of the exploration decline in June 2025. Worley brings deep expertise in advancing base metal projects with deep knowledge and understanding of delivering projects in Norway. The engineering work will be conducted primarily through Worley’s offices in both United Kingdom and Canada.
“We are very excited to partner with Worley to unlock the potential of the Nussir project and advance towards long lead equipment purchase and construction”, said Christian Kargl-Simard, CEO of Blue Moon. “Their strength in mining and mineral processing, and ongoing project delivery in Norway, provide a unique combination of global expertise and local project execution for the Nussir project.”
The FS update will incorporate the results for the ongoing mine decline construction, updated capital & operating expenditure and will incorporate innovations in the mine design and process facility, including optical sorting, to improve the project outcome. The study will also focus on advancing several value optimization opportunities in mine planning, process facility and infrastructure. The results from the FS update are expected in Q1-2026.
Qualified Persons
The technical and scientific information of this news release has been reviewed and approved by Mrs. Boi Linh Doig, P.Eng., a non-Independent Qualified Person, as defined by NI 43-101.
About Blue Moon
Blue Moon is advancing 3 brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project in Norway and the Blue Moon zinc-gold-silver-copper project in the United States. All 3 projects are well located with existing local infrastructure including roads, power and historical infrastructure. Zinc and copper are currently on the USGS and EU list of metals critical to the global economy and national security. More information is available on the Company’s website (www.bluemoonmetals.com).
About Worley
Worley is a leading global professional services company of energy, chemicals and resources experts. With around 50,000 employees in 45 countries, the company partners with customers to deliver projects and create value over the life of their assets. Worley is bridging two worlds, moving towards more sustainable energy sources, while helping to provide the energy, chemicals and resources needed now. Worley Limited is headquartered in Australia and listed on the Australian Securities Exchange (ASX: WOR).
For further information:
Blue Moon Metals Inc.
Christian Kargl-Simard
CEO and Director
Phone: (416) 230 3440
Email: christian@bluemoonmetals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS
This news release includes “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian and U.S. securities laws. All statements included herein that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking information may in some cases be identified by words such as “will”, “anticipates”, “expects”, “intends” and similar expressions suggesting future events or future performance.
We caution that all forward-looking information is inherently subject to change and uncertainty and that actual results may differ materially from those expressed or implied by the forward-looking information. A number of risks, uncertainties and other factors could cause actual results and events to differ materially from those expressed or implied in the forward-looking information or could cause our current objectives, strategies and intentions to change. Accordingly, we warn investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding our future results or plans. We cannot guarantee that any forward-looking information will materialize and you are cautioned not to place undue reliance on this forward-looking information. Any forward-looking information contained in this news release represents management’s current expectations and are based on information currently available to management, and are subject to change after the date of this news release. We are under no obligation (and we expressly disclaim any such obligation) to update or alter any statements containing forward-looking information, the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein.
Forward-looking information is provided herein for the purpose of giving information about the Nussir Project and its expected impact. Readers are cautioned that such information may not be appropriate for other purposes.
A comprehensive discussion of other risks that impact Blue Moon can also be found in its public reports and filings which are available at www.sedarplus.ca.
FAQ
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