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Mining industry

US Copper Corp. Engages Libertas Metallurgy for Moonlight-Superior Mining Project Review

Strategic Insights

— 1 min read

US Copper Corp. has appointed Libertas Metallurgy Limited to review the metallurgical work at its Moonlight-Superior Mining property in Plumas County, California. Libertas Metallurgy, founded in 2017, specializes in metallurgical consulting services, including flotation, leaching, and process design. The team will provide recommendations for the planned Pre-Feasibility Study (PFS) and help determine the necessary drill holes for the study. This engagement is a significant step in advancing the Moonlight project, which has been in development since 2013. The project's resource is estimated to be 1.8 billion pounds of copper, with a life-of-mine after-tax NPV of $1.075 billion.

Key Takeaways:

  • US Copper Corp. has engaged Libertas Metallurgy to review metallurgical work at Moonlight-Superior Mining property.
  • Libertas Metallurgy will provide recommendations for the planned Pre-Feasibility Study (PFS) and help determine necessary drill holes.
  • The team will design the PFS metallurgical testwork program for both oxide and sulfide resources.
  • John Wells, an expert in copper oxide processing, will support the project.
  • David Middleditch, President & Principal Metallurgist of Libertas Metallurgy, has over 20 years of experience in the field.
  • US Copper has owned the project since 2013 and has advanced it with three drill programs and engineering studies.
  • The company is focused on taking the next steps required to begin a PFS and has started this metallurgical study.
  • The project has three deposits that are all at surface, shallow, and open at depth.

Statistics:

  • The estimated resource for the Moonlight project is 1.8 billion pounds of copper.
  • Average drill hole depth is 450 feet.
  • Life-of-mine production of 1.8 billion pounds of copper.
  • After-tax NPV of $1.075 billion.
  • 500 holes have been drilled to date.
  • Engels was mined to a depth of 2,400 feet in 1929.

Sources:

  • US Copper Corp. (TSXV: USCU, OTCQB: USCUF, FSE: C730)
  • Newsfile Corp. (www.newsfilecorp.com)
  • Global Resource Engineering Ltd. (GRE)
  • Terre Lane, Qualified Person for the Mineral Resource Estimate (GRE)
  • SEDAR+ (www.sedarplus.ca)

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