US Copper Corp has released a Preliminary Economic Assessment (PEA) for its Moonlight-Superior Copper Project in California, reporting an after-tax NPV of US$1.075 billion at a 7% discount rate and an IRR of 23%. The project envisions a 14-year mine life with 1.8 billion pounds of copper production and significant silver and gold credits.
US Copper Corp announced an updated Mineral Resource Estimate for its Moonlight-Superior Project in Northeast California, reporting 402 million tons of Indicated resources grading 0.31% copper, containing 2.5 billion pounds of copper, a 99% increase from the previous estimate. The project also includes an Inferred resource of 64 million tons at 0.31% copper, containing 394 million pounds. This updated MRE, prepared by an independent Qualified Person and compliant with NI 43-101, will be used for a Preliminary Economic Assessment expected in early January 2025.
US Copper Corp has engaged Global Resource Engineering to conduct an updated Preliminary Economic Assessment (PEA) for the entire Moonlight-Superior Copper Project in California. The study will integrate multiple deposits and newly identified oxide resources, aiming to build upon the 2018 stand-alone Moonlight PEA.
