Developing A Premier Construction Ready High-Grade Copper Project
Cupric Canyon's flagship Zone 5 deposit is one of the most significant high-grade copper discoveries in recent years, with a current sulfide resource of 100.3 million tonnes @ 1.95% copper & 20 g/t silver (43% of these tonnes are contained in the measured & indicated categories).
Zone 5 re-defines Botswana's Kalahari Copper Belt as a key emerging trend in a stable and pro-mining jurisdiction. Cupric has consolidated a core land position over the most prospective portion of this belt, and is continuing exploration on Zone 5 and a number of nearby high-grade targets.
The mining licenses and permits have been approved for Zone 5. The Khoemacau Project enjoys the benefits of available water, local infrastructure, an operational concentrator from the Boseto acquisition, industry leading capital efficiency and lowest quartile operating costs. The planned Starter Project with annual production of 50,000 tonnes of copper and 1.4 million ounces of silver* is expected to be fully permitted, financed and construction ready in the second half of 2017. A staged Expansion Project is expected to increase annual production to over 80,000 tonnes of copper and 2.4 million ounces of silver.
* Based upon first 10 years of average production.