Copper Mountain Mining: Focused on Growth Opportunities
Copper – A Necessary Commodity
Mining Analyst at Cormark Securities, Stefan Ioannou speaks about Copper Mountain Mining’s growth opportunities.
With the increasing demand for electric vehicles copper is a necessary commodity. For a number of years the company’s story was focused on established production from the Copper Mountain Mine which is now running at well over 40,000 tons a day.
This has led management to pursue growth opportunities namely, the New Ingerbelle satellite development and potentially the Eva Mine development in Australia which combined stand to really grow the company.
More on the 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.
About New Ingerbelle
The low risk, low capital New Ingerbelle project deposit is located approximately one kilometre from the Company’s flagship operation.
The Company has completed a base case Preliminary Economic Assessment, where is assumes that the material at New Ingerbelle will supplant the ore at its Copper Mountain mine and use its current mine equipment fleet and mill.
The Company is studying operational alternatives for New Ingerbelle, including incorporating the material into the Copper Mountain mine plan using the existing mill or expanding the mill to increase future combined production.
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