Canadian base metals producer Nevsun Resources this week announced a strategic update on its capital allocation plans, allotting extra capital to its Eritrea-based Bisha zinc/copper/gold operation and delaying the timetable to deliver the Serbia-based Timok prefeasibility study (PFS) to the first quarter of 2018.
Previously scheduled for delivery in September, the PFS will now be preceded by an updated preliminary economic assessment in October this year, which will help with risk mitigation, the company advised.
