Looming Super Cycle Sparks Copper Miners Seeking Future Supplies in Stable Jurisdictions

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NEW YORK, Jan. 27, 2022 /PRNewswire/ -- Copper is set to face critically low inventory levels over the the next few years, despite prices hovering near their all-time highs. According to a Rystad Energy forecast, the copper market will be in a 6-million-ton deficit by 2030, thanks to several international factors including projected economic growth in India, and the buildout of EVs in China. Last year, the Financial Times published a feature showing how clean energy was creating a copper boom and driving a commodities supercycle. In the report, it was highlighted that "It is becoming increasingly difficult to find high grade copper projects in safe mining jurisdictions." Moving into 2022, there has been a response from copper miners large and small rising to the challenge of seeking copper sources from safe and accessible zones, including developments from CopperCorp Resources Inc. (TSXV:CPER), Teck Resources Limited (NYSE:TECK) (TSX:TECK-A), Rio Tinto Group (NYSE:RIO), Freeport-McMoran Inc. (NYSE:FCX), and BHP Group (NYSE:BHP).

Fresh off of a January 14, 2022 initial public offering, newcomer CopperCorp Resources Inc. (TSXV:CPER) is built to source reliable and responsible copper within stable, democratic governments.

The newly-minted public company operates in an underexplored district of western Tasmania in Australia. Recognized as a tier-one jurisdiction, the region is known for its mineral potential, favorable geopolitical jurisdiction, historical mining, and ongoing exploration successes.

"There are a lot of copper deposits in the world, but it is difficult to find large deposits in good jurisdictions," says Stephen Swatton, CEO of CopperCorp, who brings extensive international exploration experience with major mining companies. "You go back to the jurisdictions you know, and make sure you've turned over every stone." 

Freshly stocked with a war chest of $11 million in funding to start, CopperCorp is determined to develop their flagship asset, the 100%-owned Alpine copper project.

The Alpine property is a massive property spanning 95km², with over 30km of strike length and eight priority copper and copper-gold prospects identified within its license.

CopperCorp's team of veteran mine-finders bring their experience from majors such as BHP Group (NYSE:BHP), Lundin Group, Ivanhoe Mines, Phelps Dodge. A National Instrument 43-101 resource report is pending.