Idaho Copper retains Barr Engineering and Whittle Consulting for Preliminary Economic Assessment Update
Idaho Copper Corp (OTC Pink: COPR) has announced the engagement of Barr Engineering Co and Whittle Consulting Pty for updating its Preliminary Economic Assessment (PEA) Technical Report, expected in mid-2025.
Barr Engineering will serve as the study manager and lead author, bringing expertise in environmental, geologic services, mine engineering, and infrastructure design. The project will be supplemented by Lycopodium Inc, focusing on ore-sorting technology based on 2024 test work that showed the CuMo orebody's amenability to ore sorting.
The updated PEA, which has been in progress since March 2024, will comply with Canadian National Instrument 43-101 and US SEC Regulation S-K 1300. The integration of ore-sorting in mine design and production schedule is expected to significantly reduce initial capital and operating costs while enhancing project economics compared to the 2020 PEA.
Idaho Copper Corp (OTC Pink: COPR) ha annunciato l'ingaggio di Barr Engineering Co e Whittle Consulting Pty per l'aggiornamento del suo Rapporto Tecnico di Valutazione Economica Preliminare (PEA), previsto per metà 2025.
Barr Engineering fungerà da manager dello studio e autore principale, portando competenze in servizi ambientali, geologia, ingegneria mineraria e progettazione di infrastrutture. Il progetto sarà supportato da Lycopodium Inc, che si concentrerà sulla tecnologia di selezione del minerale basata sui test del 2024 che hanno mostrato l'idoneità del corpo minerario CuMo alla selezione del minerale.
Il PEA aggiornato, in corso dal marzo 2024, sarà conforme al Canadian National Instrument 43-101 e al Regolamento S-K 1300 della SEC statunitense. L'integrazione della selezione del minerale nella progettazione della miniera e nel programma di produzione dovrebbe ridurre significativamente i costi iniziali di capitale e operativi migliorando al contempo l'economia del progetto rispetto al PEA del 2020.
Idaho Copper Corp (OTC Pink: COPR) ha anunciado el compromiso de Barr Engineering Co y Whittle Consulting Pty para actualizar su Informe Técnico de Evaluación Económica Preliminar (PEA), que se espera para mediados de 2025.
Barr Engineering actuará como gerente del estudio y autor principal, aportando experiencia en servicios ambientales, geología, ingeniería minera y diseño de infraestructuras. El proyecto será complementado por Lycopodium Inc, que se centrará en la tecnología de clasificación de minerales basada en trabajos de prueba de 2024 que mostraron la idoneidad del cuerpo mineral CuMo para la clasificación de minerales.
El PEA actualizado, que ha estado en progreso desde marzo de 2024, cumplirá con el Instrumento Nacional Canadiense 43-101 y el Reglamento S-K 1300 de la SEC de EE. UU. Se espera que la integración de la clasificación de minerales en el diseño de la mina y el cronograma de producción reduzca significativamente los costos iniciales de capital y operativos mientras mejora la economía del proyecto en comparación con el PEA de 2020.
아이다호 구리 주식회사 (OTC Pink: COPR)는 배리 엔지니어링 주식회사와 휘틀 컨설팅 Pty를 참여시켜 2025년 중반으로 예정된 예비 경제 평가(PEA) 기술 보고서를 업데이트한다고 발표했습니다.
배리 엔지니어링은 연구 관리자 및 주 저자로서 환경, 지질 서비스, 광산 공학 및 인프라 설계 분야의 전문성을 제공합니다. 이 프로젝트는 2024년 테스트 작업을 기반으로 광석 분류 기술에 중점을 두고 라이코포디움 주식회사의 지원을 받게 됩니다. 이 테스트는 CuMo 광체의 광석 분류 가능성을 보여주었습니다.
2024년 3월부터 진행 중인 업데이트된 PEA는 캐나다 국가 기준 43-101 및 미국 SEC 규정 S-K 1300을 준수할 것입니다. 광산 설계 및 생산 일정에 광석 분류를 통합하면 초기 자본 및 운영 비용을 상당히 줄이고 2020년 PEA와 비교하여 프로젝트 경제성을 향상시킬 것으로 예상됩니다.
Idaho Copper Corp (OTC Pink: COPR) a annoncé l'engagement de Barr Engineering Co et Whittle Consulting Pty pour mettre à jour son Rapport Technique d'Évaluation Économique Préliminaire (PEA), prévu pour mi-2025.
Barr Engineering agira en tant que gestionnaire d'étude et auteur principal, apportant son expertise en services environnementaux, géologie, ingénierie minière et conception d'infrastructures. Le projet sera complété par Lycopodium Inc, qui se concentrera sur la technologie de tri des minerais basée sur des travaux d'essai de 2024 qui ont montré l'aptitude du gisement CuMo au tri des minerais.
La PEA mise à jour, qui est en cours depuis mars 2024, sera conforme à l'Instrument National Canadien 43-101 et au Règlement S-K 1300 de la SEC américaine. L'intégration du tri des minerais dans la conception de la mine et le calendrier de production devrait réduire considérablement les coûts initiaux en capital et d'exploitation tout en améliorant l'économie du projet par rapport à la PEA de 2020.
Idaho Copper Corp (OTC Pink: COPR) hat die Beauftragung von Barr Engineering Co und Whittle Consulting Pty zur Aktualisierung ihres Technischen Berichts zur Vorläufigen Wirtschaftlichkeitsbewertung (PEA) angekündigt, der für Mitte 2025 erwartet wird.
Barr Engineering wird als Studienleiter und Hauptautor fungieren und Fachwissen in den Bereichen Umwelt, Geologie, Bergbauingenieurwesen und Infrastrukturdesign einbringen. Das Projekt wird durch Lycopodium Inc ergänzt, das sich auf die Sortiertechnologie für Erze konzentriert, basierend auf Tests aus dem Jahr 2024, die die Eignung des CuMo-Erzkörpers für die Erzsorte zeigten.
Die aktualisierte PEA, die seit März 2024 in Arbeit ist, wird den kanadischen National Instrument 43-101 und den US-SEC-Regelungen S-K 1300 entsprechen. Die Integration der Erzsorte in das Minendesign und den Produktionszeitplan wird voraussichtlich die anfänglichen Kapital- und Betriebskosten erheblich senken und gleichzeitig die Wirtschaftlichkeit des Projekts im Vergleich zur PEA von 2020 verbessern.
- Expected significant reduction in initial capital and operating costs
- Integration of proven ore-sorting technology to optimize production
- Engagement of established engineering firms with global mining expertise
- PEA is still preliminary in nature, not a definitive feasibility study
- Results of cost reductions and economic improvements are not yet quantified
Boise, Idaho, March 20, 2025 (GLOBE NEWSWIRE) -- Idaho Copper Corp. (OTC Pink: COPR) is pleased to announce it has retained Barr Engineering Co. of Salt Lake City, Utah and Whittle Consulting Pty Ltd of Melbourne, Australia, to aid in its forthcoming, updated PEA (Preliminary Economic Assessment) Technical Report, which is anticipated to be released in mid-year 2025.
Barr, which will be acting as the study manager and lead author of the updated PEA, brings to the project decades of broad capabilities in environmental and geologic services, mine engineering, process engineering, civil engineering, and facility and infrastructure design. Their engagement will be supplemented by Lycopodium, Inc., which are experts in ore-sorting technology; they will be reviewing extensive test work conducted during 2024 that demonstrated the variability of the CuMo orebody and its strong amenability to ore sorting. (see Press Release dated September 19, 2024).
Whittle Consulting are leaders in the optimization of mining projects and operations, materially improving their cashflow, NPV and overall economic performance. Since 1999, they have conducted over 180 optimization studies around the world, for both open pit and underground mines across all commodities, with clients that include many of the world’s major mining companies as well as numerous junior ones.
Idaho Copper has, since March 2024, been working on its PEA update, which is expected during the first half of this year. The updated PEA will be compliant with Canadian National Instrument 43-101 and US SEC Regulation S-K 1300. The PEA update integrates ore-sorting as a key component of the mine design, mine plan, and production schedule; optimizing separation of higher-grade mill feed from lower-grade stockpile ore and waste. The company expects these changes to significantly reduce initial capital and operating costs, and dramatically increase project economics compared to the 2020 PEA.
About Idaho Copper Corporation
Idaho Copper Corporation is a mineral exploration and development company focused on exploring and developing a massive copper-molybdenum-silver deposit in Idaho (United States), (“the CuMo” project). The CuMo project currently consists of one hundred and twenty-six (126) federal unpatented lode mining claims, and six (6) patented mining claims. In total, the project comprises approximately 2,640 acres. The unpatented lode mining claims and patented claims are situated in an unorganized mining district in Boise County, Idaho.
For more information, visit: www.idaho-copper.com.
Safe Harbor Statement
This press release contains forward looking statements which are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected. These statements are not historical facts but rather are based on the Company’s current expectations, estimates, and projections regarding its business, operations and other similar or related factors. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expect,” “intend,” “plan,” “project,” “believe,” “estimate,” and other similar or related expressions are used to identify these forward-looking statements, although not all forward-looking statements contain these words. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors. Stockholders and potential investors should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, intentions and expectations reflected in or suggested by the forward-looking statements in this report are reasonable, the Company cannot assure stockholders and potential investors that these plans, intentions or expectations will be achieved. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond the Company’s control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. Except to the extent required by law, the Company has no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the Securities and Exchange Commission (the “SEC”) on May 15, 2024, and the Company’s other periodic and quarterly filings with the SEC.
For further information, please contact: info@idaho-copper.com
FAQ
When will Idaho Copper (COPR) release its updated Preliminary Economic Assessment?
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