Idaho Copper targeting mid-2024 for updated PEA
London
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December 05, 2023 01:18 PM Eastern Standard Time
Idaho Copper (OTC:COPR) Chief Operating Officer Andrew Brodkey speaks to Thomas Warner from Proactive progress on what he describes as one of the largest undeveloped copper projects in the Americas and the world's biggest undeveloped molybdenum property.
He explains that the company's Project is located near Boise, Idaho, a region known for its mining-friendly policies and substantial workforce. With over 4 billion pounds of copper, 1.6 billion pounds of molybdenum, and 180mln ounces of silver in measured and indicated resources, the project shows immense potential.
Furthermore, Brodkey discussed technological advancements, like ore sorting, which could significantly enhance the project's efficiency and reduce capital costs from $3 billion to under a billion.
Brodkey anticipates a substantial increase in the project's net present value, previously estimated at $356 million over a 30-year mine life. The updated preliminary economic analysis, expected in mid-2024, is likely to reveal the project's enhanced value.
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