40,000 Tones Per Day- Copper Mountain Mining Corp.
“The Copper Mountain story is on the Copper Mountain Mine in British Columbia. It’s actually operating north of 40,000 tonnes a day right now. The company spent a lot of time focusing on a satellite deposit called New Ingerbelle. It is been located a couple of kilometers away. Drilling there is now a 175 million tonne resource.
Also, Copper Mountain includes the Cloncurry copper project in Australia. It is the recent feasibility study that outlines a 90 million pound a year production. It’s very complementary to the Copper Mountain story as we know it today.” – Stefan Ioannou, Mining Analyst at Cormark Securities
About Copper Mountain Mining Corporation
Copper Mountain Mining Corporation is a Canadian based mining company. The flagship asset is the Copper Mountain mine located in southern British Columbia. It is been situated near the town of Princeton.
The Company has a strategic alliance with Mitsubishi Materials Corporation. Mitsubishi company owns 25% of the mine. The Copper Mountain mine has a large resource of copper that remains open and at depth. This large exploration potential will explored over the next years. It aim is to appreciate the property’s full development potential.
More About Copper Mountain’s Mining
Copper Mountain’s recent acquisition of Altona Mining Limited has brought with it approximately A$30M cash, the Cloncurry project with development-ready Eva Copper Project and an extensive exploration potential in the acquired ~ 4,000 square km (379,000 hectare) mineralized land package within the highly prospective Mt. Isa Inlier area in Queensland, Australia.
It is envisaged that an open pit copper-gold mine and 7 million tonnes per annum concentrator will be developed. The Eva Copper Project has a proposed annual production of 80 million lbs of copper (39,000 tonnes of copper) and 17,200 ounces of gold for a minimum of 14 years.
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