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World Copper Ltd. is a Canadian resource company headquartered in Vancouver, BC, focusing on the exploration and development of copper porphyry projects. With assets in Chile and Arizona, their projects boast significant soluble copper mineralization, potential resource expansion, and favorable economics. The company aims to develop safe, sustainable mining operations leveraging technology in mining-friendly jurisdictions.
World Copper has filed an amended mineral resource estimate for its Zonia copper-oxide deposit in Arizona. The updated estimate shows Indicated Resources of 112.2 million short tons grading 0.297% total-copper containing 668 million pounds of copper, and Inferred Resources of 62.9 million short tons grading 0.255% total-copper containing 320 million pounds of copper. The amendment was necessary due to a calculation error in the block model. Additionally, through its ATM offering, the company issued 8,816,500 common shares, raising gross proceeds of $690,882 during July-September 2024.
World Copper has filed a NI 43-101 technical report for an updated mineral resource estimate for the Zonia copper-oxide deposit in Arizona. The report shows Indicated Resources of 109.9 million short tons grading 0.299% total-copper containing 657 million pounds of copper, and Inferred Resources of 59.2 million short tons grading 0.254% total-copper containing 301 million pounds of copper. The estimate uses a base case cut-off grade of 0.18% and assumes a copper price of US$4.00/lb, with metallurgical recovery rates of 75% in oxides and 70% in transitional zones.
World Copper (TSXV: WCU) (OTCQB: WCUFF) announces an updated mineral resource estimate for the Zonia copper-oxide deposit in Arizona, USA. The update shows:
- Indicated Resources of 113.2 million short tons grading 0.303% total-copper, containing 686 million pounds of copper
- Inferred Resources of 59.2 million short tons grading 0.254% total-copper, containing 300 million pounds of copper
- A low strip ratio of 1.1 waste:mineralized material at the economic cutoff of 0.07% TCu
The company also provides updates on the Zonia Norte exploration potential and the status of the Escalones copper project in Chile, which has been written down to a nominal value due to regulatory uncertainties.
World Copper (TSXV: WCU) (OTCQB: WCUFF) has announced an upcoming corporate update webinar scheduled for September 5, 2024 at 1:15pm PST. The webinar will be hosted by Gordon Neal, President & CEO of the company. Shareholders and stakeholders are invited to attend and submit questions prior to the event.
The webinar will focus on the value proposition of the Zonia Project and outline the company's growth plans for the next twelve months. This event provides an opportunity for investors to gain insights into World Copper's current operations and future strategies directly from the company's leadership.
World Copper (TSXV: WCU) (OTCQB: WCUFF) has announced a grade-confirmation programme at its Zonia copper-oxide project in Arizona, USA. The project contains over 7.1 million tons of run-of-mine mineralized material on three leach pads from the 1970s, potentially holding up to 55 million pounds of copper. This material, not currently included in the project's Mineral Resource Estimate, could become an additional early revenue source.
The programme will involve up to 1,100 metres of reverse circulation drilling, followed by metallurgical testing. Historical estimates suggest remnant copper content ranging from 26.6 to 55 million lbs, with grades between 0.4% to 0.6% Cu. The company aims to confirm these grades and explore options for reprocessing, either through a small, portable SX-EW plant or by crystallizing copper sulfate.
World Copper (TSXV: WCU) (OTCQB: WCUFF) has provided a corporate update, highlighting CEO Gordon Neal's background and the company's focus on the Zonia copper project in Arizona. Key points include:
- Zonia has a 1-billion-pound copper resource
- Located on private land for easier permitting
- Expected production of 50-70 million pounds of copper cathodes annually for 10 years
- Potential to triple the resource size
- Lower environmental impact using SX-EW process
The company aims to advance Zonia into production within 3-4 years, addressing the growing global demand for copper, particularly for climate change mitigation efforts.
World Copper has identified a new opportunity at its Zonia copper-oxide project in Arizona. Following a review by the Technical Advisory Committee, there is potential to re-process mineralized material from historical heap leach pads and in-situ leach areas. Historical reports from McAlester Fuel Company and Mountain States Research & Development indicate the site hosts over 14 million tons of material with significant copper remains. The company plans a confirmatory drilling program and metallurgical testing to verify the quantity, grade, and recovery potential of the material. If successful, this could enhance the project's value and improve early revenue generation.
World Copper provided a comprehensive update on its projects, primarily focusing on the Zonia Project in Arizona.
The company aims to advance Zonia to a bankable feasibility study and then into production within 3-5 years at a quarter of conventional costs. Zonia has favorable site attributes like pre-stripped mineralization, power, and water access.
World Copper has formed a Technical Advisory Committee with industry veterans Derek White and Joe Philips to guide the project.
The updated resource estimate shows 450.5M lbs of copper (Indicated) and 575.4M lbs (Inferred), significantly expanding the historical estimate.
The company is also reviewing other US assets, particularly in copper-friendly states. The Escalones project in Chile remains promising but requires further drilling.
A loan extension agreement was made, extending CAD $1.96M in loans by two years at 8% interest, accompanied by bonus warrants.
World Copper has also entered a marketing consulting agreement with Upcountry Strategy for USD $600,000.
World Copper has announced a major corporate update, focusing on its Zonia Project in Arizona as its flagship asset. The company plans to advance Zonia to a bankable feasibility study and then into production, leveraging its strategic location and low environmental impact. A Technical Advisory Committee, including seasoned experts Derek White and Joe Philips, will guide the project. World Copper aims to produce copper within 3-5 years at a quarter of the conventional costs. The project's PEA suggests favorable economics, with a 9-year mine life and potential for resource expansion. The company has also extended a loan agreement and entered a strategic marketing agreement.
World Copper (WCUFF) announces the formation of a Technical Advisory Committee for the Zonia copper-oxide project in Arizona, USA. The committee members, Mr. Joe Phillips and Mr. Derek White, will provide guidance on engineering studies, project execution, and strategic planning. Their expertise will aid in successful permitting, construction, and ramp-up of the Project. This initiative underscores World Copper's commitment to enhancing its capabilities in project development and execution, marking a significant milestone in the company's journey towards value creation.
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