Copper North Mining Financial Filings Extension
Copper North Mining Makes Board Changes
Overview
Copper North Mining Corp. (TSXV:COL) is a mineral exploration and development company focused on transforming the Carmacks project into a low-cost, environmentally sustainable, copper and precious metals producer. Carmacks is a near-term producer and is partially permitted for construction.
The Carmacks project is 100 percent owned by Copper North and located 220 kilometers northwest of Whitehorse, in the mining-friendly Yukon Territory. The project is road accessible and located 11 kilometers from grid power.
Copper North’s Carmacks Project – Key Values
- Advanced-stage:
- Approximately 3.5 years to production
- Positioned to take advantage of any potential copper supply shortfalls
- Partly permitted to build
- Feasibility engineering-level open pit mining, waste rock management and infrastructure designs
- Low-cost copper producer:
- C1 cash cost of US$1.08 per pound after precious metal credits (2016 PEA)
- Established regional infrastructure:
- Road accessible
- 11 kilometers from Yukon grid power (94 percent hydro generated in 2018)
- High-grade oxide copper-gold–silver mineral resource:
- Drilling in 2015 and 2017 increased the oxide mineral resource tonnage by 36 percent, potentially adding 2.5 years to the currently planned seven-year mine life, with further exploration potential remaining on the property (2016 PEA and April 9, 2018 news release)
- Underlying sulfide mineral resource open at depth along the entire oxide strike length
- Engineered for environmentally sustainable copper production:
- Dry stack tailings management, grid power, cathode copper production on-site with no smelting required
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