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, a very convenient place near the port of Vancouver, so it can ship copper concentrates. Besides, the property is accessible by a combination of highways and paved roads. Its mineral claims cover about 18,000 acres and consist of 135 crown grants, 176 mineral claims and 14 mining leases.
As a conventional open pit, the mining utilizes a truck and shovel operation. To produce copper concentrates with gold and silver credits, the company operates conventional crushing, grinding and flotation circuit. Because of an offtake agreement, the company is able to sell 100% of the mine’s concentrates to the Mitsubishi Material Corporation.
Based on reserves only, the mine’s current mine life is about 14 years and the estimated average annual production is about 90 million pounds of copper equivalent. But, there is potential for more. The company is evaluating operational alternatives to incorporate the nearby New Ingerbelle into the Copper Mountain mine plan.
Eva Copper Project
Eva Copper Project is expected to be a conventional open pit with a conventional crush, grind, flotation circuit. It is located 75 kilometres from the town of Cloncurry and 95 kilometres north-east of Mt Isa in Queensland, Australia.
The property is accessible by air and road and has sufficient water and power available through a 220kV powerline.
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