Developing A Premier Construction Ready High-Grade Copper Project
Cupric Canyon's flagship Zone 5 deposit is one of the most significant high grade copper discoveries in recent years, with a current sulfide resource of 100.3 million tonnes @ 1.95% copper & 20 g/t silver (43% of the ore tonnes are contained in measured & indicated categories).
Zone 5 re-defines Botswana's Kalahari Copper Belt as a key emerging trend in a stable and pro-mining jurisdiction. Cupric has consolidated a core land position over the most prospective portion of this belt, and is continuing exploration on Zone 5 and a number of nearby high-grade targets.
Mining licenses and permits have been approved for Zone 5. In combination with available water, other infrastructure, and an operational concentrator from the Boseto acquisition, plus industry leading capital efficiency and first quartile operating costs, Cupric's 50 Ktpa copper (+1.4 Mozpa silver)* Starter Project is expected to be fully permitted and construction ready by mid-2016. A staged Expansion Project is expected to increase production to over 80 Ktpa copper (+2.4 Mozpa silver).
* Based upon first 10 years of average production.
The recently acquired Boseto concentrator & infrastructure, which is located on the license area adjoining Zone 5. READ MORE.
Zone 5 is a high grade Cu-Ag resource that continues to grow with new drilling, remaining open on strike & to depth. READ MORE.