Sept 8 Webinar hosted by World Copper

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Sept 8 Webinar hosted by World Copper

Post by dan_s »

Nolan Peterson, CEO of World Copper will be joining me on the next EPG Webinar on September 8 at 11AM CT. You must register to attend the live event.

World Copper Reports 426 Million Tonne Oxide Copper Resource at Redefined Escalones Project

CEO Nolan Peterson commented, “This updated resource estimate confirms Escalones’ potential for development as a sizeable copper oxide deposit and provides our company with new strategic options for advancement. We view this updated resource as a new starting point for the project, and it gives us confidence that our strategy of targeting the oxide portions of Escalones was the correct first step in unlocking the potential of the deposit. Furthermore, recently announced results from our surface sampling programs indicate that there is good evidence for additional oxide copper at Escalones within the Mancha Amarilla and East Skarn targets (see news release dated August 12, 2021). As an oxide project, Escalones now has a streamlined path to production, and we look forward to updating the market on additional developments as we pursue our new strategy.”

Key Highlights

> World Copper reports an updated inferred resource estimate of 426 million tonnes at 0.367% total copper in the oxidized zone at the Escalones project, Chile.
> The 3.45 billion pounds of copper should be amenable to heap leaching with an average recovery of 71%.
> Redefining the project as a copper oxide deposit significantly enhances its value by lowering costs of capital and operating development options compared to the previously contemplated sulphide flotation project.
> The updated resource estimate advances the Escalones project toward development and there is significant potential to expand the oxide resource as we continue to progress the project.

Investor Presentation here:
Dan Steffens
Energy Prospectus Group
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