Building on Success
B.C. based Copper Mountain Mining is building on the success of its flagship. Copper Mountain Mine is a portfolio of low-risk, high quality growth assets. It includes the Eva Copper Project in Australia.
The Copper Mountain mine is located about 20 km south of Princeton, British Columbia. It is 300 km east of the port of Vancouver. The Copper Mountain mineral claims cover approximately 18,000 acres. It consists primarily of 135 crown grants, 176 mineral claims and 14 mining leases. The property is accessible by a combination of highways and paved roads. It is close to the port of Vancouver that provides service for shipment of copper concentrates.
The Copper Mountain mine is a conventional open pit, truck and shovel operation. The mine utilizes a conventional crushing, grinding and flotation circuit to produce copper concentrates with gold and silver credits. The Company has an offtake agreement with Mitsubishi Material Corporation (MMC), where MMC purchases 100% of the mine’s concentrate at LME spot rates at the time of settlement.
Based on reserves only, the mine’s current mine life is approximately 14 years and average annual production is approximately 90 million pounds of copper equivalent. Further potential exists through exploration and the potential integration of the Company’s nearby New Ingerbelle Project. The Company is evaluating operational alternatives to incorporate New Ingerbelle into the Copper Mountain mine plan.
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