ProjectsCopper Mountain MineOperations
The mine is a conventional open pit, truck and shovel operation. Mining is divided into multiple development phases with sequential pushbacks in each of the three main pit areas. This development sequence is designed to maximize the discounted cash flow based on the ore value which is reflected in the planned pit phases. In order to maximize the profit in the initial years, the Company is processing ore greater than 0.21% Cu, while ore that is less than 0.21% Cu but greater than 0.1% Cu is being mined and stockpiled (low grade stockpile) for processing in later years.
The mine utilizes a conventional crushing, grinding, and flotation to produce copper concentrates with gold and silver credits. The facility is designed to operate 24 hours per day, 365 days per year with a 92% mechanical availability including pre–scheduled downtime for equipment maintenance. Once processed, the concentrate containing the metals are exported overseas to Japan, where it is processed at one of Mitsubishi’s smelters to recover the copper, gold and silver. The company has an off take agreement with MMC, where MMC have agreed to purchase 100% of the projects concentrate at LME spot rates at the time of settlement.
Based on current reserves, the mine has a life of 16 years from January 1, 2017. The property boundaries cover an area of 6,702.1 hectares or 67 square kilometres, while the mine site sits within a 5 km2 area of the property area. The property has excellent exploration potential and additional exploration is planned to extend the reserve life.