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TORONTO - Blue Moon Metals Inc. (TSXV:MOON; OTCQB:BMOOF), a mining company with a market capitalization of $990 million, has appointed Worley Limited as the engineering contractor for its Nussir Copper-gold-silver Project in Norway, the company announced Monday. According to InvestingPro analysis, the company appears undervalued based on its Fair Value estimate.
Worley will update the May 2023 JORC-compliant Feasibility Study to a NI 43-101 Feasibility Study and advance basic engineering for the project. The engineering work will be conducted primarily through Worley’s offices in the United Kingdom and Canada.
The basic engineering on the process plant is expected to enable ordering of long-lead items in Q4-2025, with detailed engineering to follow in 2026. The feasibility study update will incorporate results from the ongoing mine decline construction that began in June 2025, updated capital and operating expenditure figures, and innovations in mine design and processing.
"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, in the press release statement. The company has demonstrated solid financial performance with annual revenue of $466.58 million and a healthy gross profit margin of nearly 60%. InvestingPro data reveals 12 additional key metrics and insights about Blue Moon’s operational efficiency.
The study will focus on value optimization opportunities in mine planning, process facility, and infrastructure, with results expected in Q1-2026. The engineering contractor selection followed a competitive tender and evaluation process.
Blue Moon Metals is currently advancing three brownfield polymetallic projects, including the Nussir 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.
Worley is a global professional services company with around 50,000 employees across 45 countries, specializing in energy, chemicals, and resources sectors.
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