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 plans to receive the two outstanding operating state permits for Phase I by early 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)
