Australian Property with a Healthy Production Profile
Copper Mountain Mining’s newly acquired property in Australia could result in an annual production increase of 90 million pounds of copper.
The Copper Mountain mine is located about 20 km south of Princeton, British Columbia and 300 km east of the port of Vancouver. The Copper Mountain mineral claims cover approximately 18,000 acres and consist primarily of 135 crown grants, 176 mineral claims and 14 mining leases. The property is accessible by a combination of highways and paved roads and is close to the port of Vancouver that provides service for shipment of copper concentrates.
The Copper Mountain mine is a conventional open pit, truck and shovel operation. The mine utilizes a conventional crushing, grinding and flotation circuit to produce copper concentrates with gold and silver credits. The Company has an offtake agreement with Mitsubishi Material Corporation (MMC), where MMC purchases 100% of the mine’s concentrate at LME spot rates at the time of settlement.
Based on reserves only, the mine’s current mine life is approximately 14 years and average annual production is approximately 90 million pounds of copper equivalent. Further potential exists through exploration and the potential integration of the Company’s nearby New Ingerbelle Project. The Company is evaluating operational alternatives to incorporate New Ingerbelle into the Copper Mountain mine plan.
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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