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Stefan Ioannou speaks about Copper Mountain's mill capacity expansion
Copper Mountain Mining is a copper producer, developer and explorer in world class mining jurisdictions. Its flagship asset is the 75% owned Copper Mountain mine located in southern British Columbia near the town of Princeton. The mine produces over 90 million pounds of copper equivalent per year. It also has a large resource that remains open laterally and at depth.
A major growth initiative for Copper Mountain currently is an expansion of their existing mill capacity. In fact, it will expand from about 40,000 tons a day up to 45,000 tons per day. Further, they're expected to have that in commission in late 2020. "That would eventually feed into a Phase 2 expansion, which will bring in the New Ingerbelle project, which is located directly adjacent to the current open pit, which actually boasts higher gold and copper grades, which should boost economics and mine life going forward." says Mining Analyst, Stefan Ioannou.
Copper Mountain also has the permitted, development stage Eva Copper Project in Queensland, Australia. In addition, they hold an extensive 397,000 hectare highly prospective land package in the Mount Isa area.
More on the Copper Mountain Mine
The Copper Mountain mineral claims cover approximately 18,000 acres and consist primarily of 135 crown grants, 176 mineral claims and 14 mining leases. The property is accessible by a combination of highways and paved roads.
The Copper Mountain mine is a conventional open pit, truck and shovel operation. The mine has a 40 ktpd plant that utilizes a conventional crushing, grinding and flotation circuit to produce copper concentrates with gold and silver credits. Plant throughput is expected to increase to 45 ktpd in 2020 with the installation of a third ball mill. With the plant expansion, average annual production is expected to increase to 116 million pounds of copper equivalent from 90 million pounds of copper equivalent.
Based on reserves only, and with the integration of New Ingerbelle, which is located one kilometer from the Copper Mountain mine, the operation’s current mine life is expected to be approximately 31 years. Further potential exists through the upgrading of resources to reserves and further exploration.
For more information on Copper Mountain Mining Corp. (CMMC:TSX, C6C:ASX) please fill out the form below.
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