World Copper (TSXV:WCU) Investor Overview



Photo voltaic and wind are anticipated to energy half of the globe by 2050, however can provide sustain with this growing demand? A copper increase is already in movement and will final for many years since decarbonization is predicted to drive consumption. Goldman Sachs even famously declared “copper is the brand new oil,” not solely due to its significance in renewable vitality, but in addition as a result of it believes all the sector is unprepared to satisfy the wants of this future demand.

Nick Snowdon, a commodities strategist with Goldman Sachs Analysis took it a step additional, when he mentioned “the copper market is sleepwalking into a extremely sizable provide crunch akin to what we noticed within the oil market again within the 2000s.”

And in some ways, he’s proper. The invention charge of copper deposits is taken into account “dismal” with solely one main deposit having been found since 2015 and 15 within the earlier decade. It’s clear we want extra copper discoveries to make the transition to producers if we wish to sustain with potential will increase in demand. Copper producers might want to double the quantity of world manufacturing simply to maintain up with a 30 % penetration charge of EVs alone. So, the place is that this future copper manufacturing coming from?

World Copper (TSXV:WCU,OTCQB:WCUFF) has managed to safe the most important copper oxide asset, presently in exploration and growth, in Chile by means of its Escalones challenge. Early estimates reveal that it may attain full manufacturing utilizing heap leaching at a fraction of the associated fee when in comparison with different copper porphyries discovered all through Chile and Latin America.

Why does this matter? Oxide copper is economical to extract when in comparison with copper porphyries. Most copper mines in Chile are copper porphyries, which generally require anyplace from US$1-2 billion to change into absolutely developed mines since they use the dearer sulphide floatation course of. Conversely, oxide copper might be mined with heap leaching, a way that might require a most of US$500 million, for a mine of Escalone’s dimension, to succeed in full manufacturing.

World Copper Cristal Project

World Copper’s acclaimed administration group consists of Government Director Mercelo Awad, President & Chief Government Officer Nolan Peterson and Normal Supervisor Kryzsztof Napierala, all of which have a long time of mixed expertise within the mining business and company finance. Awad has demonstrated expertise inside Chili as effectively, incomes the celebrated title of the primary CEO in Chile from the Harvard Enterprise Evaluate. His expertise navigating Chilean legislation has confirmed invaluable to the success of World Copper.

The firm’s yr in evaluation highlighted the spectacular progress made transferring in the direction of changing into a significant copper producer. In 2021, World Copper introduced a merger with Cardero Useful resource (finalized in January 2022) to amass the Zonia challenge in Arizona. Moreover, the corporate’s Escalones challenge was redefined as a copper oxide useful resource, due to the corporate’s skilled geology group. Escalones is now on the trail to changing into the most important copper oxide challenge, in growth, within the nation.

“Chile is a implausible mining jurisdiction for copper, it’s the world’s largest copper producing nation, it has the world’s largest reserves in assets, so we’re in an excellent jurisdiction for a copper growth challenge. Our flagship challenge, Escalones, is within the Santiago area of Chile which is an excellent area for infrastructure, together with native parts. The world’s largest underground copper mine, El Teniente, is 35 kilometers to the west of us. We might leverage off these kinds of relationships going ahead,” mentioned CEO Nolan Peterson in a latest interview with Shares Journal.

Firm Highlights

  • World Copper is an exploration and growth firm targeted on growing key belongings in Chile and Arizona into important copper producing mines.
  • The corporate is led by a powerful administration group with a long time of expertise in enterprise finance, industrial mining and Chilean mining.
  • The corporate’s yr in evaluation announcement showcased the continued development of the corporate, together with buying a brand new asset in Arizona and reclassifying its Chilean challenge as an oxide copper mine.
  • The corporate’s initiatives are positioned in mining-friendly jurisdictions and have entry to the mandatory infrastructure wanted to function.
  • World Copper’s Escalones challenge has large potential to change into Chile’s largest copper oxide challenge.

Key Initiatives

The Escalones Challenge

World Copper Escalones Location Map

The Escalones copper porphyry challenge is positioned in Santiago, Chile and is just 35 kilometers east of El Teniente, one of many largest underground copper mines on the planet. This 70 sq. kilometer property runs north-south within the central Andes Mountains.

World Copper Escalones View

World Copper reported an up to date inferred useful resource estimate of 426 million tonnes at 0.367 % whole copper within the oxidized zone on the Escalones challenge, confirming its potential for growth as a sizeable copper oxide deposit.

CEO Nolan Peterson shared, “As an oxide challenge, Escalones now has a streamlined path to manufacturing, and we stay up for updating the market on further developments as we pursue our new technique.”

World Copper Escalones Project Resource Estimate

Challenge Highlights:

  • Current Infrastructure: The 70 sq. kilometer property has entry to roads, seaports, electrical energy, and a fuel line.
  • Amenable to Heap Leaching: Metallurgical assessments point out that the inferred 3.45 billion kilos of copper needs to be amenable to heap leaching with a mean restoration of 71 %. Heap leaching is a cost-effective and extra eco-friendly mining method.
  • Future Enlargement: The Escalones deposit has room to develop to the south, east, and west. Solely half of the alteration zone has been drilled thus far.
  • Untested Mineralization: No drilling has been carried out on northern targets and it could comprise the final remaining mineralized porphyr clusters in Chile.
World Copper Escalones Geology and Mineralization

Cristal Copper Challenge

World Copper Cristal Location

Adjoining to the Pervuian border sits the Cristal Copper Challenge, a declare that’s extremely potential for porphyry copper deposits. The challenge might be simply accessed through freeway 135 from both the north or south. No exploration has been carried out since 2012.

Challenge Highlights:

  • Magnetic Anomaly: Preliminary surveys point out the presence of a porphyry copper deposit and has potential for extra massive porphyry.
  • Proposed Exploration: The corporate plans to drill 4 to six RC/core drill holes starting from 500 to 800 meters deep every. The outcomes will affirm the presence of the porphyry copper deposit.

Zonia Copper-Oxide Deposit

World Copper Zonia Copper Oxide Deposit

Zonia is an undervalued and superior challenge in Yavapai County, roughly 100 miles northwest of Phoenix, Arizona. The massive 4,280-acre property has wonderful potential for extra discoveries, as there are already recognized targets which will comprise further copper-porphyry targets.

Challenge Highlights:

  • Straightforward Entry and Infrastructure: A 67kV line runs to the doorway of the mine, together with the presence of groundwater to assist assist operations.
  • Allowing Benefit: All assets and section I 2018 PEA manufacturing inside the one hundred pc owned personal land.
  • Expansive Pattern Grid: A 150-meter spaced rock pattern has generated a big coherent anomaly.
  • Allow Software Filed: A allow has been filed for a 5,000 metre program on each Arizona and BLM land.

Administration Staff

Marcelo Awad

Marcelo Awad – Government Director

Marcelo Awad has a protracted and distinguished profession within the mining business 18 years with Codelco, most lately as Government Vice President 16 years with Antofagasta Minerals S.A., the Mining Division of Antofagasta Plc, together with 8 years as CEO from 2004 to 2012, a interval of great development for Antofagasta. Within the 2011 Harvard Enterprise Evaluate, Awad was ranked because the primary CEO in Chile, 18th in Latin America and 87th on the planet.

Nolan Peterson

Nolan Peterson – President & CEO

An engineer and finance government with an in depth profession in challenge growth, company finance, accounting, engineering and challenge administration within the mining business. He brings a powerful technical and monetary background as he holds an MBA from UBC’s Sauder College of Enterprise, a bachelor’s diploma in Metallurgical Engineering from UBC, is a CFA® Charterholder, and a Skilled Engineer in British Columbia & Ontario.

Krzysztof Napierau0142a

Krzysztof Napierała – Normal Supervisor (Chile)

Napierala is an expert with 12 years of expertise in mining and manufacturing industries. He’s a pushed government with a powerful background in enterprise growth, exploration, challenge administration, and the administration and restructuring of mining operations. His profession is highlighted by over ten years with the KGHM Group, one of many world’s largest copper and silver miners, the place he began as an affiliate within the exploration and growth group, supporting the corporate’s enterprise growth actions and new acquisitions.

John Drobe

John Drobe – Chief Geologist

Mr. Drobe is a geologist with over 30 years expertise specializing in porphyry copper-gold, epithermal and skarn deposits all through the Americas. Mr. Drobe has a deep expertise with organizing and managing exploration campaigns, notably in South America, which he has participated within the exploration and growth of initiatives in Peru, Argentina, Ecuador, Venezuela and Chile.

Marla Ritchie

Marla Ritchie – Company Secretary

Ms. Ritchie brings over 25 years expertise in public markets working as an Administrator and Company Secretary specializing in useful resource primarily based exploration corporations. At present, she can be the company secretary for a number of corporations, together with Worldwide Tower Hill Mines Ltd. and Trevali Mining Company.


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