World Copper’s (TSXV:WCU) newly appointed CEO Gordon Neal wants to focus on advancing the Zonia copper oxide project in Arizona, US, to the development stage and transforming World Copper into a US-centric copper company.
“The US government, the Department of Energy, has determined that copper is a critical metal. And so there’s lots of attention and funds available for companies that have a US-domiciled project,” he said.
World Copper’s Zonia project has undergone extensive historical exploration and mine development planning, with a historical 2018 preliminary economic assessment and 2017 mineral resource estimate that show excellent economics, a mine life of 8.6 years and an average annual production rate of 49.1 million pounds.
“Zonia is interesting because it ticks all the boxes for a copper project that could go into production fairly quickly, fairly cheaply and economically,” Neal explained. “It’s on private land, which I can get permitted easily. It has power on site. It has water on site. It is an oxide that’s at surface. The strip ratio is one-to-one. And there’s a billion pounds of copper in this deposit so far, and that’s just on the private land portion — we have three times the amount of land around (that).”
Neal added that he also plans to bring more US copper assets into the company’s portfolio.
Watch the full interview with World Copper CEO Gordon Neal above.
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