- NorthWest Copper (NWST) announced the results of the preliminary economic assessment (PEA) on its Kwanika-Stardust Project in British Columbia
- The 2023 PEA outlined a project that proposed mining approximately 96 million tonnes of material
- It also predicts a 22,000 tonnes per day process plant, producing high-quality copper concentrate with significant gold and silver byproducts
- The project’s initial capital is valued at $567.9 million, with a construction period of two years
- NorthWest Copper Corp. (NWST) is down 6.98 per cent and is trading at $0.20 per share as of 3:04 p.m. EST
NorthWest Copper (NWST) announced the results of the preliminary economic assessment (PEA) on its Kwanika-Stardust Project in British Columbia.
The 2023 PEA outlined a project that proposed mining approximately 96 million tonnes of material in a combination of open pit and underground operations from the deposits.
The PEA also predicts a 22,000 tonnes per day process plant, producing high-quality copper concentrate with significant gold and silver byproducts.
Peak copper equivalent production would be 152.1 million pounds of copper per year, and life of mine copper equivalent average production of 90.6 million pounds per year over 11.9 years.
The project’s initial capital is valued at $567.9 million, with a construction period of two years.
This is the first technical and economic evaluation of the combined deposits outlining a robust project with manageable initial capital cost and multiple opportunities for project growth.
NorthWest stated it will continue to engage the First Nations communities to create opportunities for them. The project may also connect to the BC Hydro electrical grid to primarily use renewable electricity.
NorthWest Copper Corp. (NWST) is down 6.98 per cent and is trading at $0.20 per share as of 3:04 p.m. EST.