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Highland Copper Awards Front-End Engineering and Design (Feed) Packages to DRA Global

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Highland Copper (TSXV: HI; OTCQB: HDRSF) has awarded Front-End Engineering and Design (FEED) contracts for both Mine Engineering and Process Plant Engineering of its Copperwood Project to DRA Global, a leading multi-disciplinary engineering group.

The FEED work will focus on optimizing and advancing the mine and process design, with emphasis on minimizing environmental impact. The company has implemented a phased engineering approach, initially focusing on finalizing design criteria for critical areas and assessing key improvement opportunities.

Through this collaboration, Highland Copper will finalize the Project's capital cost estimates and development schedule, working towards a construction decision. The fully permitted Copperwood Project represents a significant milestone in Highland's development strategy.

Highland Copper (TSXV: HI; OTCQB: HDRSF) ha affidato a DRA Global, un importante gruppo di ingegneria multidisciplinare, contratti per l'Ingegneria e il Design di Front-End (FEED) sia per l'Ingegneria della Miniera che per l'Ingegneria dell'Impianto di Processo del suo Progetto Copperwood.

Il lavoro FEED si concentrerà sull'ottimizzazione e l'avanzamento del design della miniera e del processo, con particolare attenzione alla riduzione dell'impatto ambientale. L'azienda ha adottato un approccio ingegneristico fase per fase, concentrandosi inizialmente sulla finalizzazione dei criteri di design per aree critiche e sulla valutazione delle principali opportunità di miglioramento.

Grazie a questa collaborazione, Highland Copper finalizzerà le stime dei costi di capitale e il programma di sviluppo del progetto, lavorando verso una decisione di costruzione. Il Progetto Copperwood, completamente autorizzato, rappresenta un importante traguardo nella strategia di sviluppo di Highland.

Highland Copper (TSXV: HI; OTCQB: HDRSF) ha adjudicado contratos de Ingeniería y Diseño de Front-End (FEED) tanto para la Ingeniería de Minas como para la Ingeniería de Plantas de Proceso de su Proyecto Copperwood a DRA Global, un grupo de ingeniería multidisciplinario líder.

El trabajo FEED se centrará en optimizar y avanzar en el diseño de la mina y del proceso, enfatizando la minimización del impacto ambiental. La empresa ha implementado un enfoque de ingeniería por fases, enfocándose inicialmente en finalizar los criterios de diseño para áreas críticas y evaluar oportunidades clave de mejora.

A través de esta colaboración, Highland Copper finalizará las estimaciones de costos de capital y el cronograma de desarrollo del Proyecto, trabajando hacia una decisión de construcción. El Proyecto Copperwood, completamente autorizado, representa un hito significativo en la estrategia de desarrollo de Highland.

하이랜드 구리 (TSXV: HI; OTCQB: HDRSF)는 자사의 코퍼우드 프로젝트에 대한 광산 공학 및 공정 플랜트 공학의 프런트 엔드 엔지니어링 및 디자인(FEED) 계약을 다중 분야의 선도적인 엔지니어링 그룹인 DRA Global에 부여했습니다.

FEED 작업은 환경 영향을 최소화하는 데 중점을 두고 광산 및 공정 디자인을 최적화하고 발전시키는 데 집중할 것입니다. 회사는 중요한 영역의 설계 기준을 최종화하고 주요 개선 기회를 평가하는 데 초점을 맞춘 단계적 엔지니어링 접근 방식을 구현했습니다.

이 협력을 통해 하이랜드 구리는 프로젝트의 자본 비용 추정 및 개발 일정 최종화를 진행하며 건설 결정을 위해 노력할 것입니다. 완전 허가를 받은 코퍼우드 프로젝트는 하이랜드 개발 전략의 중요한 이정표를 나타냅니다.

Highland Copper (TSXV: HI; OTCQB: HDRSF) a accordé à DRA Global, un groupe d'ingénierie multidisciplinaire de premier plan, des contrats pour l'Ingénierie et le Design de Front-End (FEED) pour l'Ingénierie Minière et l'Ingénierie de l'Usine de Traitement de son Projet Copperwood.

Les travaux FEED se concentreront sur l'optimisation et l'avancement de la conception de la mine et du procédé, en mettant l'accent sur la minimisation de l'impact environnemental. L'entreprise a mis en œuvre une approche d'ingénierie par étapes, se concentrant initialement sur la finalisation des critères de conception pour les domaines critiques et l'évaluation des principales opportunités d'amélioration.

Grâce à cette collaboration, Highland Copper finalisera les estimations des coûts du capital du projet et le calendrier de développement, travaillant vers une décision de construction. Le Projet Copperwood, entièrement autorisé, représente une étape significative dans la stratégie de développement d'Highland.

Highland Copper (TSXV: HI; OTCQB: HDRSF) hat DRA Global, eine führende multidisziplinäre Ingenieurgemeinschaft, Verträge für die Front-End-Engineering- und Designarbeiten (FEED) sowohl für das Bergbau-Engineering als auch für das Prozessanlagen-Engineering seines Copperwood-Projekts vergeben.

Die FEED-Arbeiten werden sich darauf konzentrieren, das Design der Mine und der Prozesse zu optimieren und voranzutreiben, wobei der Schwerpunkt auf der Minimierung der Umweltauswirkungen liegt. Das Unternehmen hat einen phasenweisen Ingenieuranstieg in Angriff genommen, der anfänglich darauf abzielt, die Designkriterien für kritische Bereiche zu finalisieren und Schlüsselverbesserungsmöglichkeiten zu bewerten.

Durch diese Zusammenarbeit wird Highland Copper die Kostenschätzungen für das Projektkapital und den Entwicklungszeitplan abschließen und auf eine Bauentscheidung hinarbeiten. Das vollständig genehmigte Copperwood-Projekt stellt einen bedeutenden Meilenstein in der Entwicklungsstrategie von Highland dar.

Positive
  • Awarded critical FEED contracts to globally recognized engineering firm DRA Global
  • Project is fully permitted, reducing regulatory risks
  • Advancing towards construction decision phase
Negative
  • None.

VANCOUVER, British Columbia, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Highland Copper Company Inc. (TSXV: HI; OTCQB: HDRSF) (“Highland” or the “Company”) is pleased to announce the awarding of the Front-End Engineering and Design (FEED) contracts for both the Mine Engineering and the Process Plant Engineering of its flagship Copperwood Project (the “Project” or “Copperwood”) to DRA Global (“DRA”), a leading multi-disciplinary engineering group.

This milestone marks a significant step forward in the development of Highland Copper’s fully permitted Copperwood Project. The selection of DRA Global reflects Highland Copper’s commitment to working with globally recognized experts to ensure the successful and responsible execution of its operations. With a proven track record of excellence in mine and process plant engineering, DRA will provide detailed designs and specifications that will form the foundation of Copperwood's construction and operational phases.

“We are excited to partner with DRA Global on these critical FEED packages,” said Barry O’Shea, CEO of Highland Copper. “DRA’s expertise in designing and optimizing mining operations aligns well with our vision of building an efficient and environmentally responsible project. This collaboration is a key step in advancing Copperwood toward a construction decision.”

Pierre Julien, President of DRA Americas, commented, “We are pleased to support the Copperwood Project, which provides an excellent opportunity to leverage DRA’s extensive expertise in copper mine design and process plant design. This collaboration highlights our dedication to delivering tailored engineering solutions and project management while working closely with Highland Copper to achieve their project objectives.”

The Company has adopted a phased approach to engineering with the initial step of finalizing design criteria for critical areas and assessing key opportunities to improve the Project. The FEED work will focus on optimizing and advancing the mine and process design, with continued consideration for minimizing environmental impact. As part of the FEED process, Highland Copper will finalize the Project’s capital cost estimates and development schedule, paving the way for a construction decision.

About Highland Copper Company

Highland Copper Company Inc. is a Canadian company focused on exploring and developing copper projects in the Upper Peninsula of Michigan, U.S.A. The Company owns the Copperwood deposit through long-term mineral leases and 34% of the White Pine North project through a joint venture with Kinterra Copper USA LLC. The Company also owns surface rights securing access to the Copperwood deposit and providing space for infrastructure at Copperwood as required. The Company has 736,363,619 common shares issued and outstanding. Its common shares are listed on the TSX Venture Exchange under the symbol “HI” and trade on the OTCQB Venture Market under the symbol “HDRSF.”

More information about the Company is available on the Company’s website at www.highlandcopper.com and on SEDAR+ at www.sedarplus.ca.

About DRA Global

DRA Global is an international engineering, project delivery, and operations management group specializing in the mining, minerals processing, and metals sectors. With a global footprint and extensive expertise, DRA delivers tailored solutions to meet the unique needs of its clients. In the Americas, DRA has been instrumental in delivering numerous successful mining projects, offering a blend of innovative design and a commitment to environmental sustainability.

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking statements” and “forward-looking information” (collectively “forward-looking statements”) within the meaning of applicable Canadian securities legislation. These statements include, without limitation, statements with respect to:(i) the anticipated delivery of detailed designs and specifications for the Copperwood Project by DRA; (ii) the Company’s phased approach to engineering; and (iii) the anticipated results the FEED work, including its importance in leading to a construction decision. There is no guarantee that the FEED work will be completed as anticipated, that the FEED work will result in finalized capital costs or development schedule or lead to a positive construction decision. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements in this news release are reasonable, undue reliance should not be placed on forward looking statements. All forward-looking statements in this press release are based on information available to the Company as of the date hereof, and the Company undertakes no obligation to update forward-looking statements except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information or media requests, please contact:

Barry O’Shea, CEO
Email: info@highlandcopper.com   
Website: www.highlandcopper.com  


FAQ

What is the significance of Highland Copper's FEED contract award for HDRSF stock?

The FEED contract award represents a significant advancement toward construction of the Copperwood Project, potentially increasing project value and moving closer to production phase.

What are the key components of Highland Copper's (HDRSF) FEED contracts with DRA Global?

The FEED contracts cover both Mine Engineering and Process Plant Engineering for the Copperwood Project, focusing on design optimization and environmental impact minimization.

When will Highland Copper (HDRSF) make a construction decision for the Copperwood Project?

The construction decision will be made after completing the FEED process, which includes finalizing capital cost estimates and development schedule.

What is the current permit status of Highland Copper's (HDRSF) Copperwood Project?

The Copperwood Project is fully permitted, indicating readiness for development pending final engineering and construction decisions.

HIGHLAND COPPER CO INC

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