Why Highland Copper?
Properties located in Michigan's Upper Peninsula, a Tier 1 jurisdiction for mining.
Copperwood: 50 M tonnes in the inferred resource category awaiting classification upgrade.
White Pine: 133.4 M tonnes in indicated resources category
97.2 M tonnes in inferred
Experienced management team with proven mine-building skills.
Determined and locally-based team in supportive mining district.
Highland Copper Company Inc. is a Canadian copper development company that owns the Copperwood and White Pine North copper projects located in the Copper Range District of the Upper Peninsula of Michigan, U.S.A. The Copper Range district is well known for hosting significant concentrations of copper and silver in numerous deposits. During its productive period, from 1845 to 1995, the area produced in excess of 15 billion pounds of copper.
Highland's flagship project is the 100%-owned Copperwood Project for which Highland has completed a feasibility study reporting Proven and Probable Reserves of 25.4 M tonnes @ 1.43% Cu and 3.83 g/t Ag, containing 801.8 M lbs of copper and 3.1 M oz of silver, an IRR of 18% after tax, Capital Cost of $275 M and an average payable copper production of 61.7 M Lbs per year.
The 100%-owned White Pine North Project is an extension of the historical White Pine mine which operated from 1953 to 1995 and produced over 4.5 billion pounds of copper. The Company has completed a preliminary economic assessment which provides a base case assessment of the project using a copper price of $3.00/lb and a silver price of $16.00/oz. The mine life was estimated to be 25 years. Total Indicated Mineral Resources of the White Pine North deposit were estimated at 133.4 M tonnes grading an average of 1.07% Cu and 14.9 g/t Ag, containing 3.2 billion pounds of copper and 63.8 million ounces of silver using a cut-off grade of 0.9% Cu for the Parting Shale column only. Inferred Mineral Resources were estimated at 97.2 M tonnes grading an average of 1.03% Cu and 8.7 g/t Ag, containing 2.2 billion pounds of copper and 27.2 million ounces of silver using a cut-off grade of 0.9% Cu.