Summary:
Copper World is a large open pit copper development project in Arizona, USA, owned by Hudbay Minerals Inc. (“Hudbay”) (TSX: HBM). The 2023 Pre-Feasibility study contemplates four planned open pit mines with a two-phased mine-plan. A 20-year mine life Phase I plan is expected to produce 92,000 tonnes of copper per year in the first 10 years. Phase II extends the mine life to 44 years through an expansion of the processing facilities, resulting in up to 100,000 tonnes of annual copper production. Hudbay received the key Aquifer Protection Permit , the second of three key state level permits required to advance the project towards a construction decision, in August, 2024. Hudbay has also completed the last permit application required, an Air Quality Permit, which was submitted in late 2022 and the public comment period is expected to conclude in September 2024. Metalla also holds a right of first refusal for an additional 0.36% NSR.
Interest: 0.315% Net Smelter Return Royalty
Location: Arizona, USA
Project Status: Development
Counterparty: Hudbay Minerals (TSX: HBM)
