Copper,Copper,###CopperCo Ltd - 500 Beiträge pro Seite
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WKN A0DNP7
CopperCo Ltd
schon an der Schwelle zum Produzenten
Minews Story Date: February 17, 2006
Copperco Could Be In Production At Lady Annie Copper Project By End Of Year
By Our Man In Oz.
It is, with a touch of sadness, and a tongue pressed firmly in a cheek, that Minesite reports the death of the Flying Pig, the demise of the Flying Horse, and an absolute black ban on any more flying animals at Copperco’s rapidly-emerging copper project in north-east Queensland. “I don’t know how it started, but there’ll be no more flying animals as far as I’m concerned,” said Brian Rear, chief executive of Copperco, a small Australian company on the verge of making the jump (wingless) from explorer to miner. If all goes to plan, Copperco will produce its first copper cathode by the end of the year from a project which will bear the much less colourful name of Lady Annie.
Rear, who has a distinguished track record of successful mine development in Australia, admits that the names given to orebodies around the Lady Annie area have caused much amusement over the years. “Flying Pig was the classic,” he told Minesite. “But, I think its time we got down to some serious work.” Just how serious can be judged by the fact that Lady Annie is in the final stages of its feasibility study, and government permitting process. “We should have all that wrapped up in the next month, or so,” Rear said. “In time for us to give the project its formal go ahead in April.”
On the market, the word is out that Lady Annie is on her way. Over the past week, in line with most other copper stocks Copperco has receded a shade from its rolling high to a price of A2.7 cents. This may sound modest, but it is very nearly double the price at which the shares were trading last November. The build up of investor interest over this period is reflected clearly in the daily trading figures with mnore than a thousand trades a week being recorded. The price still looks low, but this is largely because it takes a lot of good news to lift a stock with 1.9 billion pieces of paper littering Australian trading desks.
Rear is the man with the job of delivering the good news, a job he’s playing down right now, but one that should burst into action once the final permit approvals are issued, the green light goes on, and Lady Annie is called to centre stage. When she gets there she will look like this: Ore reserves of 9.8 million tonnes at 1.2 % copper, a mine plan which combines heap leaching, followed by solvent extraction and electrowinning, to produce an initial 15,000 tonnes of LME grade-A copper cathode a year, rising to 18,000 tonnes. The total capital cost is estimated at A$54 million, and mine life is being planned for eight years (with more expected), and an operating cost of US69 cents per pound of copper, which is a country mile below the ruling copper price of US2.31/lb, and almost as comfortably below the Copperco assumed price for number-crunching purposes of US$1.54/lb.
On a slightly more serious note when it comes to talking about the resource Copperco has at Lady Annie, which is located about 140km north of Mt Isa, Rear admitted that the Flying Pig orebody was technically still alive. “The Flying Pig is very much still there, but we don’t broadcast it, especially with people like you around,” he said with a laugh from his office in Perth. “It lies at the eastern end of the horseshoe shaped structure, with the Pig at the eastern end, and with Lady Annie at the other.” Rear said Copperco would have finished its studies into developing a mine last year, if it had confined its studies to Lady Annie and the nearby Mt Clarke orebody. “But, around the middle of last year we started to get some very strong copper indications between Mt Clarke and Flying Horse,” he said, adding quickly that this was the time he put his ban on any more flying animals: “just in case someone came up with a flying impala or a flying elephant”. What the additional sniffs of copper did was delay completion of studies. “We decided to extend the study to capture three small structures in the Mt Clarke area,” he said. “That’s all being run flat out right now and I’d expect to have resource estimates next week sometime,” he said. What Rear can’t say, yet, is that the fresh resource estimate is highly likely to see a reasonable increase in the official 9.8 million tonnes at 1.2 %, and a corresponding increase in the life and/or production rate of the project.
To ensure that no time is lost once the planning and permitting process is complete, Copperco has already acquired a SX/EW plant which was previously working at the Mt Gordon copper mine. “If we get a construct decision in April, we will be producing copper at the end of the year,” Rear said. “Having the plant is a real advantage. That doesn’t mean we still won’t have issues. We’re grappling with things like electrical transformers, but we can start on portable power plants if we have to. The big thing for us is to get a go decision, and grab some of that copper price which is in the market.” Rear said banks and copper customers were starting to queue up for Lady Annie’s output with financing readily available, along with firm offtake agreements.
If more spice is needed for the emerging Copperco story it can be found in market gossip where speculation has surfaced in Australia that a bid could be on the way for fellow Queensland copper hopeful, Matrix Metals. Rear, naturally, has nothing to say about the rumours, but it is worth noting that Copperco tried (and failed) to acquire another small copper player, Universal Resources, last year; only losing out when Universal rushed into the arms of mining giant, Xstrata. The whiff of corporate activity, plus a green light on Lady Annie could be just the shot to keep the fires burning under Copperco – shame the Pig won’t be there to share in the fun
http://www.copperco.com.au/
CopperCo Ltd
schon an der Schwelle zum Produzenten
Minews Story Date: February 17, 2006
Copperco Could Be In Production At Lady Annie Copper Project By End Of Year
By Our Man In Oz.
It is, with a touch of sadness, and a tongue pressed firmly in a cheek, that Minesite reports the death of the Flying Pig, the demise of the Flying Horse, and an absolute black ban on any more flying animals at Copperco’s rapidly-emerging copper project in north-east Queensland. “I don’t know how it started, but there’ll be no more flying animals as far as I’m concerned,” said Brian Rear, chief executive of Copperco, a small Australian company on the verge of making the jump (wingless) from explorer to miner. If all goes to plan, Copperco will produce its first copper cathode by the end of the year from a project which will bear the much less colourful name of Lady Annie.
Rear, who has a distinguished track record of successful mine development in Australia, admits that the names given to orebodies around the Lady Annie area have caused much amusement over the years. “Flying Pig was the classic,” he told Minesite. “But, I think its time we got down to some serious work.” Just how serious can be judged by the fact that Lady Annie is in the final stages of its feasibility study, and government permitting process. “We should have all that wrapped up in the next month, or so,” Rear said. “In time for us to give the project its formal go ahead in April.”
On the market, the word is out that Lady Annie is on her way. Over the past week, in line with most other copper stocks Copperco has receded a shade from its rolling high to a price of A2.7 cents. This may sound modest, but it is very nearly double the price at which the shares were trading last November. The build up of investor interest over this period is reflected clearly in the daily trading figures with mnore than a thousand trades a week being recorded. The price still looks low, but this is largely because it takes a lot of good news to lift a stock with 1.9 billion pieces of paper littering Australian trading desks.
Rear is the man with the job of delivering the good news, a job he’s playing down right now, but one that should burst into action once the final permit approvals are issued, the green light goes on, and Lady Annie is called to centre stage. When she gets there she will look like this: Ore reserves of 9.8 million tonnes at 1.2 % copper, a mine plan which combines heap leaching, followed by solvent extraction and electrowinning, to produce an initial 15,000 tonnes of LME grade-A copper cathode a year, rising to 18,000 tonnes. The total capital cost is estimated at A$54 million, and mine life is being planned for eight years (with more expected), and an operating cost of US69 cents per pound of copper, which is a country mile below the ruling copper price of US2.31/lb, and almost as comfortably below the Copperco assumed price for number-crunching purposes of US$1.54/lb.
On a slightly more serious note when it comes to talking about the resource Copperco has at Lady Annie, which is located about 140km north of Mt Isa, Rear admitted that the Flying Pig orebody was technically still alive. “The Flying Pig is very much still there, but we don’t broadcast it, especially with people like you around,” he said with a laugh from his office in Perth. “It lies at the eastern end of the horseshoe shaped structure, with the Pig at the eastern end, and with Lady Annie at the other.” Rear said Copperco would have finished its studies into developing a mine last year, if it had confined its studies to Lady Annie and the nearby Mt Clarke orebody. “But, around the middle of last year we started to get some very strong copper indications between Mt Clarke and Flying Horse,” he said, adding quickly that this was the time he put his ban on any more flying animals: “just in case someone came up with a flying impala or a flying elephant”. What the additional sniffs of copper did was delay completion of studies. “We decided to extend the study to capture three small structures in the Mt Clarke area,” he said. “That’s all being run flat out right now and I’d expect to have resource estimates next week sometime,” he said. What Rear can’t say, yet, is that the fresh resource estimate is highly likely to see a reasonable increase in the official 9.8 million tonnes at 1.2 %, and a corresponding increase in the life and/or production rate of the project.
To ensure that no time is lost once the planning and permitting process is complete, Copperco has already acquired a SX/EW plant which was previously working at the Mt Gordon copper mine. “If we get a construct decision in April, we will be producing copper at the end of the year,” Rear said. “Having the plant is a real advantage. That doesn’t mean we still won’t have issues. We’re grappling with things like electrical transformers, but we can start on portable power plants if we have to. The big thing for us is to get a go decision, and grab some of that copper price which is in the market.” Rear said banks and copper customers were starting to queue up for Lady Annie’s output with financing readily available, along with firm offtake agreements.
If more spice is needed for the emerging Copperco story it can be found in market gossip where speculation has surfaced in Australia that a bid could be on the way for fellow Queensland copper hopeful, Matrix Metals. Rear, naturally, has nothing to say about the rumours, but it is worth noting that Copperco tried (and failed) to acquire another small copper player, Universal Resources, last year; only losing out when Universal rushed into the arms of mining giant, Xstrata. The whiff of corporate activity, plus a green light on Lady Annie could be just the shot to keep the fires burning under Copperco – shame the Pig won’t be there to share in the fun
http://www.copperco.com.au/
Beobachte schon seit paar Tagen.
Aber der Spread ist sehr hoch.
Geld- = 0,02
Brief = 0,04
in Frankfurt.
Aber der Spread ist sehr hoch.
Geld- = 0,02
Brief = 0,04
in Frankfurt.
[posting]20.297.179 von androm am 20.02.06 22:10:07[/posting]Der MM gibt sie nicht anders in Ffm.
Muß sie wohl in AUS besorgen.
Muß sie wohl in AUS besorgen.
Es geht hier langsam los
Trading Spotlight
Possible CopperCo interest in Matrix: analyst
Thursday, February 09, 2006
AN ANALYST at Stock Resource has speculated that budding Mt Isa-Cloncurry miner CopperCo may be interested in taking over fellow copper hopeful Matrix Metals.
auch nicht übel:ein Uranwert
Thursday, February 09, 2006
AN ANALYST at Stock Resource has speculated that budding Mt Isa-Cloncurry miner CopperCo may be interested in taking over fellow copper hopeful Matrix Metals.
auch nicht übel:ein Uranwert
deftige NEWS to Day
Stück für Stück aufwärts
immer noch billig zum einsammeln!!
Antwort auf Beitrag Nr.: 20.568.754 von hainholz am 08.03.06 09:39:43wer will,kann immer noch bei dieser übersehenen Perle günstig einsteigen.
Antwort auf Beitrag Nr.: 20.992.792 von hainholz am 29.03.06 16:05:42
da wird es rasant zur Sache gehen
da wird es rasant zur Sache gehen
Antwort auf Beitrag Nr.: 21.136.735 von hainholz am 09.04.06 18:15:50wieder schön auffi in AUS auf 0,039$
Antwort auf Beitrag Nr.: 20.992.792 von hainholz am 29.03.06 16:05:42
Hallo hainholz, unser Einsatz scheint sich ja zulohnen
Gruß Walter
Hallo hainholz, unser Einsatz scheint sich ja zulohnen
Gruß Walter
Antwort auf Beitrag Nr.: 21.155.087 von walterdergenaue am 11.04.06 09:33:49na das ist ja ein Ding,das du dort auch investiert bist.
Ich freue mich!!
Ich freue mich!!
Antwort auf Beitrag Nr.: 21.163.500 von hainholz am 11.04.06 17:49:28 http://www.asx.com.au/asx/markets/PriceResults.js…
zu beachten ist das BID und das Volumen bis dahin
zu beachten ist das BID und das Volumen bis dahin
Antwort auf Beitrag Nr.: 21.168.097 von hainholz am 11.04.06 22:42:45 http://www.asx.com.au/asx/statistics/announcementS…
Antwort auf Beitrag Nr.: 21.168.489 von hainholz am 11.04.06 23:23:30
Hallo hainholz schon wieder 11% zugelegt!
Gute Geschäfte für uns
Gruß Walter
hain das war doch dein Tipp an mich
Hallo hainholz schon wieder 11% zugelegt!
Gute Geschäfte für uns
Gruß Walter
hain das war doch dein Tipp an mich
Hallo Walter
Auf der ASX Anzeige unter CUO gibt es news,in denen von einem Splitt im Mai die Rede ist.
Dann sieht der Kurs auch optisch schöner aus 10:1
Auf der ASX Anzeige unter CUO gibt es news,in denen von einem Splitt im Mai die Rede ist.
Dann sieht der Kurs auch optisch schöner aus 10:1
Antwort auf Beitrag Nr.: 20.296.396 von hainholz am 20.02.06 21:29:37 http://www.asx.com.au/asx/statistics/announcementSear…
Antwort auf Beitrag Nr.: 21.179.393 von hainholz am 12.04.06 17:46:09 http://www.copperco.com.au/uploads/CU…
der Grund der Aussetzung
der Grund der Aussetzung
jetzt kommt Bewegung in den Wert
Antwort auf Beitrag Nr.: 21.229.870 von hainholz am 18.04.06 19:52:53wieder auf dem Vormarsch in AUS
Process Manager [Mar.29, 2006]
Location: QLD, Australia
North West Queensland location
Emerging Copper Project
CopperCo. Ltd, is an independent and emerging copper producer with core business projects under way in the Mt Isa region. This publicly listed company on the ASX has an opportunity for a Process Manager at the Lady Annie project located 137 km north of Mount Isa. The Lady Annie project is a new copper venture with a long-term strategy to develop a production profile in excess of 50,000 tpa of copper metal.
Reporting to the Resident Manager, the Process Manager will be responsible for the safe and efficient ore processing operations in a remote location and will direct and control daily and long-term activities within the Process Department and supervise the process, metallurgical activities and the process maintenance team.
The successful appointee will:
Determine, formulate and direct process department policies and procedures which are consistent with company goals and objectives.
Ensure that applicable process environmental and health and safety regulations are implemented, monitored, complied with and reported.
short, medium and long term process planning.
product extractive processes and procedures.
operation and maintenance schedules.
process engineering design improvements.
analysis of daily tonnage/production/costs Vs budget.
Determine the most efficient methods to improve extractive metallurgical processes, conduct feasibility studies, provide front-end process designs, monitor product quality, tonnage and environmental compliance.
Maintain current awareness of new developments/techniques in the metallurgical field.
Ensure the different operating areas co-ordinate their efforts to enable the entire process to operate; co-ordinates activities with the mine management to ensure continuity of total operation.
Inspect the operation on a regular basis to detect and resolve safety, personnel, environmental and production problems.
Interact with operating and non-operating departments to develop long-term operating goals and annual budgets.
Organise and prepare monthly, quarterly and annual status reports.
Ensure the transfer of technology to employees and the promotion and support of employee training and development.
Essential to the role will be your Tertiary Qualification in Metallurgical or Chemical Engineering or related fields and 5 - 10 years experience working in a management position in a process plant with solvent extraction and electro-winning processes. Management experience in a remote location is desirable.
This position will be performed in a remote mining environment operating on a Fly-in & Fly-out (FIFO) roster.
For further information please contact Romina Gambarrutta on 61 7 3205 5977 or email your resume quoting ref no 13212 to info@jda.com.au
Location: QLD, Australia
North West Queensland location
Emerging Copper Project
CopperCo. Ltd, is an independent and emerging copper producer with core business projects under way in the Mt Isa region. This publicly listed company on the ASX has an opportunity for a Process Manager at the Lady Annie project located 137 km north of Mount Isa. The Lady Annie project is a new copper venture with a long-term strategy to develop a production profile in excess of 50,000 tpa of copper metal.
Reporting to the Resident Manager, the Process Manager will be responsible for the safe and efficient ore processing operations in a remote location and will direct and control daily and long-term activities within the Process Department and supervise the process, metallurgical activities and the process maintenance team.
The successful appointee will:
Determine, formulate and direct process department policies and procedures which are consistent with company goals and objectives.
Ensure that applicable process environmental and health and safety regulations are implemented, monitored, complied with and reported.
short, medium and long term process planning.
product extractive processes and procedures.
operation and maintenance schedules.
process engineering design improvements.
analysis of daily tonnage/production/costs Vs budget.
Determine the most efficient methods to improve extractive metallurgical processes, conduct feasibility studies, provide front-end process designs, monitor product quality, tonnage and environmental compliance.
Maintain current awareness of new developments/techniques in the metallurgical field.
Ensure the different operating areas co-ordinate their efforts to enable the entire process to operate; co-ordinates activities with the mine management to ensure continuity of total operation.
Inspect the operation on a regular basis to detect and resolve safety, personnel, environmental and production problems.
Interact with operating and non-operating departments to develop long-term operating goals and annual budgets.
Organise and prepare monthly, quarterly and annual status reports.
Ensure the transfer of technology to employees and the promotion and support of employee training and development.
Essential to the role will be your Tertiary Qualification in Metallurgical or Chemical Engineering or related fields and 5 - 10 years experience working in a management position in a process plant with solvent extraction and electro-winning processes. Management experience in a remote location is desirable.
This position will be performed in a remote mining environment operating on a Fly-in & Fly-out (FIFO) roster.
For further information please contact Romina Gambarrutta on 61 7 3205 5977 or email your resume quoting ref no 13212 to info@jda.com.au
Achtung.!!! CopperCo-Split 10:1 
Nachricht von Sparkasse:
Split am 12.5.2006 Verhältnis 10:1 zusammengelegt.!!
Neue Aktien vorraussichtlich bis Ende 05.2006 nicht handelbar.:O:O
Ciao
Nachricht von Sparkasse:
Split am 12.5.2006 Verhältnis 10:1 zusammengelegt.!!
Neue Aktien vorraussichtlich bis Ende 05.2006 nicht handelbar.:O:O
Ciao
Antwort auf Beitrag Nr.: 20.296.396 von hainholz am 20.02.06 21:29:37es geht los
Cash, expansions for CopperCo
Michael Quinn
Friday, May 19, 2006
COPPERCO has raised nearly $A48 million in new equity as it moves towards initial copper production in 12 months' time and an increase to 25,000-30,000 tonnes of annual output by 2009.
The Perth-based company issued 136 million shares at 35c to institutional investors in a placement arranged by major CopperCo shareholder LinQ and Haywood Securities.
The raising, which followed a 1-for-10 share consolidation will result in CopperCo having around 330 million shares on issue.
CopperCo is currently working on the $80 million development of the 19,000 tonne per annum copper cathode Lady Annie project in Queensland.
While stressing that it was very early days, CopperCo managing director Brian Rear told MiningNews.net that an expansion of 6000-11,000tpa of cathode would possibly cost somewhere in the region of $20 million.
He said an expansion would primarily require boosting the SX-EW (solvent extraction electrowinning) capacity, with crushing and stacking capacity at the front end of the heap leach project already having sufficient capacity for the additional processing envisaged.
Rear said the company is also considering hedging some production given the current high copper price, with an aim of being debt free and able to fund any expansion in 2008-09 out of cash flow – underpinned by operating costs of less than US70c per pound.
"Looking at the forward curve it doesn't look like we'd have to hedge very much … maybe somewhere around 15% of our forecast production," he said.
Copper is currently fetching around $3.60/lb, some four to five times the price levels in 2001.
Shares in CopperCo were unchanged at 4.4c in early trade.
Cash, expansions for CopperCo
Michael Quinn
Friday, May 19, 2006
COPPERCO has raised nearly $A48 million in new equity as it moves towards initial copper production in 12 months' time and an increase to 25,000-30,000 tonnes of annual output by 2009.
The Perth-based company issued 136 million shares at 35c to institutional investors in a placement arranged by major CopperCo shareholder LinQ and Haywood Securities.
The raising, which followed a 1-for-10 share consolidation will result in CopperCo having around 330 million shares on issue.
CopperCo is currently working on the $80 million development of the 19,000 tonne per annum copper cathode Lady Annie project in Queensland.
While stressing that it was very early days, CopperCo managing director Brian Rear told MiningNews.net that an expansion of 6000-11,000tpa of cathode would possibly cost somewhere in the region of $20 million.
He said an expansion would primarily require boosting the SX-EW (solvent extraction electrowinning) capacity, with crushing and stacking capacity at the front end of the heap leach project already having sufficient capacity for the additional processing envisaged.
Rear said the company is also considering hedging some production given the current high copper price, with an aim of being debt free and able to fund any expansion in 2008-09 out of cash flow – underpinned by operating costs of less than US70c per pound.
"Looking at the forward curve it doesn't look like we'd have to hedge very much … maybe somewhere around 15% of our forecast production," he said.
Copper is currently fetching around $3.60/lb, some four to five times the price levels in 2001.
Shares in CopperCo were unchanged at 4.4c in early trade.
na das war bis heute wohl nichts...
invest2002
invest2002
die Finanzierung ist klar,jetzt kann es losgehen.
Investor stockt auf!!!
und weiter geht es mit den NEWS
Wieder eine Resourcenerhöhung
jetzt schon 39% mehr als in der Feasibilitystudie
da kann man ja die Uhr nach stellen
alle 2 Monate eine Erhöhung
Wieder eine Resourcenerhöhung
jetzt schon 39% mehr als in der Feasibilitystudie
da kann man ja die Uhr nach stellen
alle 2 Monate eine Erhöhung
ein brandaktueller und schöner Bericht
The name says it all
Wednesday, 14 March 2007
WHAT\'S in a name? Just about everything when you\'re an emerging Australian copper producer focused on the copper-rich Mount Isa region in Queensland and your name is CopperCo. By James Moses - RESOURCESTOCKS*
CopperCo\'s Lady Annie deposit
Brian Rear, director CopperCo
CopperCo is well advanced in its objective to become a significant independent Australian copper producer.
In pursuit of this goal it has assembled a multi-project development pipeline headlined by the advanced Lady Annie project, as well as a consolidated major regional tenement package exceeding 2500 square kilometres within the Mount Isa block.
The company has three major project areas within its tenement acreage: Lady Annie, situated 137km northwest of Mt Isa; Mount Kelly, which is located 20km southeast of Lady Annie; and the Buckley River project – a further 40km south of Mount Kelly.
A feasibility study has been completed that provides for the mining of copper oxide reserves at Lady Annie and the Mount Kelly deposits, consisting of Mount Clarke, Flying Horse, Mount Kelly Workings and Swagman. The company\'s other tenements host several known oxide and sulfide copper resources and prospects.
In addition, CopperCo has put together an experienced management team with a track record of involvement in successfully financing, developing and operating mining projects.
The company\'s package of mining leases and exploration permits in the Mount Isa block make it a major tenement holder in the region and provide a foundation for it to achieve its long-term strategy of developing a production profile of more than 50,000tpa of contained copper metal.
What\'s more, CopperCo\'s extensive holdings in the region strategically position it to pursue further acquisition opportunities as they present.
The company\'s progress and Future prospects have not been lost on the market, which has witnessed CopperCo\'s share price appreciate from 16c in early November last year (and a market capitalisation of around $30.38 million) to its current position where it trades above 50c and has a market capitalisation nearing $178 million.
"We\'re in the serious business of getting into business," is managing director Brian Rear\'s bullish description of the company\'s current position.
Rear told RESOURCESTOCKS that the fundamentals for base metals remained strong and with the continued buzz associated with the boom times in commodity markets it was "time for smaller companies to get going, and get their mines in progress".
"The resources sector needs to start transferring all the recent IPOs and exploration activity into mines and production, so there is something to show for the extended bull market," he said.
CopperCo is well on the way to achieving this, and importantly it remains on schedule with its own development timeframes.
In April the company completed its feasibility study at Lady Annie. This confirmed an economic and technically viable project based only on copper oxide resources, with site cash operating costs of $US0.70 per pound of LME "A" grade copper.
In the middle part of the year it finalised the core financing requirements for the project, with a $46.7 million placement to local and overseas institutions and high net worth investors in May, and a $61 million funding package from Macquarie Bank in July.
Since then development at Lady Annie has progressed rapidly, with what Rear describes as "full-blooded site works" about to commence shortly. In addition, key items of equipment have been ordered and major agreements are heading towards finalisation.
All this puts CopperCo on course for copper cathode production to commence in late June 2007.
More recently the company announced a further two very encouraging developments.
First, in October it announced an updated ore reserve at Lady Annie based on a re-optimisation of all five ore bodies to recognise a forward view of the copper price and pragmatic pit and mine design assumptions.
Utilising a copper price of $US2.20/lb, it restates the project\'s ore reserve at 14.8 million tonnes at 0.96% copper containing 142,600t of copper, a significant increase on the previous figure of 116,700t of contained copper.
Click here to read Part 2
The name says it all - Part 2
Wednesday, 14 March 2007
THIS represents a 34% increase in ore reserve tonnes and a 14% increase in contained copper from the base case feasibility study results, and according to Rear will mean a significant higher level of revenue from the project.
CopperCo\'s Lady Annie deposit
Brian Rear, director CopperCo
And last month the company announced further exploration success with new mineral resource estimates from its Mount Kelly project, taking the combined resource base of copper deposits at the project from 1.6Mt to 10.2Mt – at 0.8% copper for 77,700t of copper metal.
"We are very much in discovery mode at Mount Kelly, and are working at bringing the project up to JORC standards at present, to inferred and then indicated resources," Rear explained.
The new mineral resource at Mount Kelly was strengthened by the addition of 2.28Mt at 0.9% copper (for 21,000t of contained metal) from Mount Clarke and Flying Horse, and the Mount Clarke deposit update is the initial priority for the company in this project area as mining will start from this pit..
Rear describes the company\'s current phase of activity as a "three-pronged exploration and development program". This consists of Lady Annie, CopperCo\'s other prospects including the Mount Kelly tenements, and the chalcocite resource at Lady Annie along with oxide copper prospects at Buckley River.
The company\'s plan is to expand production through the development of these prospects to 25,000-30,000tpa by the end of 2008, which is a level of production that will enable it to benefit from economies of scale.
"By the end of 2007 we want to know we have 30Mt of copper ore," Rear said. "We have 21Mt now, so that is what our expansion plans are centred on."
The chalcocite resource represents a good opportunity to potentially increase the production capacity of the project. It is situated below the zone of oxide copper mineralisation and will be drill tested to determine the nature and extent of chalcocite mineralisation.
Chalcocite is a copper species that when crushed, floated and then concentrate leached produces sulfuric acid, which can be used in the extraction of copper from oxide ore, reducing the need to purchase acid and in turn reducing operating costs.
Another upside for the company is the management and operational team assembled to take the company forward.
Rear, who will oversee CopperCo\'s development strategy, has a track record of success in the profitable development of stand-alone heap leach copper projects in Australia, and has developed two successful copper projects.
The company has assembled a team that collectively has successfully developed and/or operated three similar copper oxide leach projects in the past 14 years.
In addition to the management team CopperCo is putting in place an experienced team of senior people to handle the production phase at the Lady Annie project.
"As a greenfields, start-up project we give good people the environment to go right to the top, and I think this has attracted some very high calibre people to the project," Rear said.
CopperCo\'s longer-term goal is to generate its production target (of 25,000-30,000tpa by the end of 2008) over a period of 10 years. In addition it expects to be debt free by the 2008-09 year, paving the way for a sustainable business model if copper prices soften from their current highs in the latter part of the decade.
The company\'s cost profile is also structured to help ensure the robustness of the project in the future.
"We are in the right quartile of producers to generate good cash flows in tougher market times," Rear explains.
"The company will then be ready to focus on stage two of its development, whatever that may be. There are big structures in the Mount Isa sequence and we haven\'t gone there yet, so there is still so much upside."
The name says it all
Wednesday, 14 March 2007
WHAT\'S in a name? Just about everything when you\'re an emerging Australian copper producer focused on the copper-rich Mount Isa region in Queensland and your name is CopperCo. By James Moses - RESOURCESTOCKS*
CopperCo\'s Lady Annie deposit
Brian Rear, director CopperCo
CopperCo is well advanced in its objective to become a significant independent Australian copper producer.
In pursuit of this goal it has assembled a multi-project development pipeline headlined by the advanced Lady Annie project, as well as a consolidated major regional tenement package exceeding 2500 square kilometres within the Mount Isa block.
The company has three major project areas within its tenement acreage: Lady Annie, situated 137km northwest of Mt Isa; Mount Kelly, which is located 20km southeast of Lady Annie; and the Buckley River project – a further 40km south of Mount Kelly.
A feasibility study has been completed that provides for the mining of copper oxide reserves at Lady Annie and the Mount Kelly deposits, consisting of Mount Clarke, Flying Horse, Mount Kelly Workings and Swagman. The company\'s other tenements host several known oxide and sulfide copper resources and prospects.
In addition, CopperCo has put together an experienced management team with a track record of involvement in successfully financing, developing and operating mining projects.
The company\'s package of mining leases and exploration permits in the Mount Isa block make it a major tenement holder in the region and provide a foundation for it to achieve its long-term strategy of developing a production profile of more than 50,000tpa of contained copper metal.
What\'s more, CopperCo\'s extensive holdings in the region strategically position it to pursue further acquisition opportunities as they present.
The company\'s progress and Future prospects have not been lost on the market, which has witnessed CopperCo\'s share price appreciate from 16c in early November last year (and a market capitalisation of around $30.38 million) to its current position where it trades above 50c and has a market capitalisation nearing $178 million.
"We\'re in the serious business of getting into business," is managing director Brian Rear\'s bullish description of the company\'s current position.
Rear told RESOURCESTOCKS that the fundamentals for base metals remained strong and with the continued buzz associated with the boom times in commodity markets it was "time for smaller companies to get going, and get their mines in progress".
"The resources sector needs to start transferring all the recent IPOs and exploration activity into mines and production, so there is something to show for the extended bull market," he said.
CopperCo is well on the way to achieving this, and importantly it remains on schedule with its own development timeframes.
In April the company completed its feasibility study at Lady Annie. This confirmed an economic and technically viable project based only on copper oxide resources, with site cash operating costs of $US0.70 per pound of LME "A" grade copper.
In the middle part of the year it finalised the core financing requirements for the project, with a $46.7 million placement to local and overseas institutions and high net worth investors in May, and a $61 million funding package from Macquarie Bank in July.
Since then development at Lady Annie has progressed rapidly, with what Rear describes as "full-blooded site works" about to commence shortly. In addition, key items of equipment have been ordered and major agreements are heading towards finalisation.
All this puts CopperCo on course for copper cathode production to commence in late June 2007.
More recently the company announced a further two very encouraging developments.
First, in October it announced an updated ore reserve at Lady Annie based on a re-optimisation of all five ore bodies to recognise a forward view of the copper price and pragmatic pit and mine design assumptions.
Utilising a copper price of $US2.20/lb, it restates the project\'s ore reserve at 14.8 million tonnes at 0.96% copper containing 142,600t of copper, a significant increase on the previous figure of 116,700t of contained copper.
Click here to read Part 2
The name says it all - Part 2
Wednesday, 14 March 2007
THIS represents a 34% increase in ore reserve tonnes and a 14% increase in contained copper from the base case feasibility study results, and according to Rear will mean a significant higher level of revenue from the project.
CopperCo\'s Lady Annie deposit
Brian Rear, director CopperCo
And last month the company announced further exploration success with new mineral resource estimates from its Mount Kelly project, taking the combined resource base of copper deposits at the project from 1.6Mt to 10.2Mt – at 0.8% copper for 77,700t of copper metal.
"We are very much in discovery mode at Mount Kelly, and are working at bringing the project up to JORC standards at present, to inferred and then indicated resources," Rear explained.
The new mineral resource at Mount Kelly was strengthened by the addition of 2.28Mt at 0.9% copper (for 21,000t of contained metal) from Mount Clarke and Flying Horse, and the Mount Clarke deposit update is the initial priority for the company in this project area as mining will start from this pit..
Rear describes the company\'s current phase of activity as a "three-pronged exploration and development program". This consists of Lady Annie, CopperCo\'s other prospects including the Mount Kelly tenements, and the chalcocite resource at Lady Annie along with oxide copper prospects at Buckley River.
The company\'s plan is to expand production through the development of these prospects to 25,000-30,000tpa by the end of 2008, which is a level of production that will enable it to benefit from economies of scale.
"By the end of 2007 we want to know we have 30Mt of copper ore," Rear said. "We have 21Mt now, so that is what our expansion plans are centred on."
The chalcocite resource represents a good opportunity to potentially increase the production capacity of the project. It is situated below the zone of oxide copper mineralisation and will be drill tested to determine the nature and extent of chalcocite mineralisation.
Chalcocite is a copper species that when crushed, floated and then concentrate leached produces sulfuric acid, which can be used in the extraction of copper from oxide ore, reducing the need to purchase acid and in turn reducing operating costs.
Another upside for the company is the management and operational team assembled to take the company forward.
Rear, who will oversee CopperCo\'s development strategy, has a track record of success in the profitable development of stand-alone heap leach copper projects in Australia, and has developed two successful copper projects.
The company has assembled a team that collectively has successfully developed and/or operated three similar copper oxide leach projects in the past 14 years.
In addition to the management team CopperCo is putting in place an experienced team of senior people to handle the production phase at the Lady Annie project.
"As a greenfields, start-up project we give good people the environment to go right to the top, and I think this has attracted some very high calibre people to the project," Rear said.
CopperCo\'s longer-term goal is to generate its production target (of 25,000-30,000tpa by the end of 2008) over a period of 10 years. In addition it expects to be debt free by the 2008-09 year, paving the way for a sustainable business model if copper prices soften from their current highs in the latter part of the decade.
The company\'s cost profile is also structured to help ensure the robustness of the project in the future.
"We are in the right quartile of producers to generate good cash flows in tougher market times," Rear explains.
"The company will then be ready to focus on stage two of its development, whatever that may be. There are big structures in the Mount Isa sequence and we haven\'t gone there yet, so there is still so much upside."
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