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White Pine North advancement, US

15th September 2023

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
White Pine North advancement.

Location
Michigan, US.

Project Owner/s
Kinterra Copper USA (66%) and Highland Copper Company (34%).

Project Description
A preliminary economic assessment (PEA) has established a path for White Pine North advancement. The project is the extension of the White Pine mine, which operated from 1953 to 1995.

The PEA considers White Pine North as a standalone project, where potential synergies with the company’s Copperwood development are not considered.

The proposed mine has 21.8-year mine life, with average life-of-mine payable copper production of 93.5-million pounds a year and 1.2-million ounces of silver a year.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at an 8% discount rate, of $821-million and an internal rate of return of 20.8% at a copper price of $4/lb.

Capital Expenditure
$615-million.

Planned Start/End Date
Not stated.

Latest Developments
The companies are proactively working towards permitting and a feasibility study.

Key Contracts and Suppliers
None stated.

Contact Details for Project Information
Highland Copper, email info@highlandcopper.com.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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