The Second Mine Could be Beneficial to Copper Mountain
“Copper Mountain Mining closed a deal to buy Cloncurry, in which the Eva Project is located. They’ve delivered a feasibility study on that which has that the potential to double production from where it is now. A single asset company like Copper Mountain benefits from the diversification that a second mine can bring on. It is permitted, it could be in production by 2021.” – Pierre Vaillancourt, Senior Analyst at Haywood Securities
A TSX/ASX listed copper producer, developer and explorer in world class mining jurisdictions.
Copper Mountain’s flagship asset is the 75% owned Copper Mountain mine located in southern British Columbia near the town of Princeton. The Copper Mountain mine produces over 90 million pounds of copper equivalent per year with a large resource that remains open laterally and at depth. Copper Mountain also has the permitted, development stage Eva Copper Project in Queensland, Australia and an extensive 397,000 hectare highly prospective land package in the Mount Isa area.
Eva Copper Project
The permitted, development-ready Eva Copper Project is located 75 kilometres from the town of Cloncurry and 95 kilometres north-east of Mt Isa in north-west Queensland, Australia. The Project is envisioned to be a conventional open pit with a conventional crush, grind, flotation circuit. The property is accessible by air and road and has sufficient water and power available through a 220kV powerline.
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