Canadian Copper - Polymetallic Developer Derisking the Murray Brook Project and Past-Producing Caribou Plant In The Bathurst Camp of New Brunswick

Simon Quick, CEO and Director of Canadian Copper (CSE: CCI), joins me for a comprehensive introduction to their 3 key projects: Murray Brook, Murray Brook West, and the past-producing Caribou Mine and Plant in the Bathurst Camp of New Brunswick, Canada.

 

We start off having Simon unpack how these 3 projects were acquired over the last few years and assembled together into the larger land package and overall project today.  He points out the many infrastructure advantages to being on crown land, with good access, and with a permitted prior-producing mine in place.

 

Next Simon outlines the ongoing development and derisking work at the flagship Murray Brook Project.   This hosts a polymetallic VMS deposit of copper, zinc, lead, and silver, and a resource of 21 million tonnes @ 1.42% CuEq; which is 98% in the measured & indicated category.  There are metallurgical tests underway as well as engineering work based on the initial PEA, and the expansion of the team as these workstreams build towards a Feasibility Study next year.   

 

The Preliminary Economic Assessment, envisions a 13 year mine life, averaging 30 M lbs CuEq or 98 M lbs ZnEq production per year, at 3,300 tpd daily throughput.   There is an estimated capex of C$64Million; with a NPV (7%) of C$169Million, an Internal Rate of Return (IRR) of 36%, and a 2 year payback period.

 

Next we shifted over to the exploration upside across their land package at Murray Brook West, and also east of the Murray Brook main area.   Additionally, there are roughly 4 million tonnes of polymetallic zinc, silver, and lead resources delineated at the Caribou Mine, that the company is buying out of receivership.   The prior producer, Trevali Mining, produced 700million lbs of zinc, lead, and silver up until Q2, 2022.   The mine is in good condition, and permitted to process up to 3,000 tpd.

 

If you have any questions for Simon regarding Canadian Copper, then please email those into me at Shad@kereport.com.

 

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This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.