Copper Fox is focussed on the exploration and development of large copper projects in North America. The Company’s strategy is to be a provider of advanced staged projects to the copper industry and is uniquely positioned to offer investors exposure to the increasing copper, gold, molybdenum and silver demand and the potential for discovery of Laramide age porphyry copper deposits. Copper Fox is pleased to be able to do its part in providing critical metals to support the evolution to electrification and the transition to a lower carbon environment.
The Company’s advanced and exploration stage projects are located in Tier 1 geopolitically stable, proven copper mining districts. Of the five projects in our portfolio, two are currently transitioning to the prefeasibility study (PFS) stage. Updated mineral resource estimates (MREs) were completed on our advanced staged projects in 2020 (Van Dyke) and 2021 (Schaft Creek) and on one of our exploration stage projects in 2023 (Eaglehead). Click her for MREs
The Company is advancing its 100% owned Van Dyke project to the PFS stage. The 2020 updated Preliminary Economic Assessment (PEA) yielded a post-tax NPV 7.5% of US$645 million, an IRR of 43.3%, identified opportunities that could enhance project valuation and expand the resource base. The PEA also indicated that the project has the potential to be a mid-tier copper producer in the USA. Click here for PEA
The 2021 PEA for the Schaft Creek project yielded (on a 100% basis) a post-tax NPV 8% of US$842 million, an IRR of 12.9% and identified opportunities that could enhance the investment opportunity of the project. The C$18.7 million 2024 program is focussed on geotechnical drilling, metallurgical testwork, wildlife, fish and aquatic studies, environmental sampling, permitting and community relations with the Tahltan Nation with the objective of transitioning the project from the Scoping to the PFS stage. Copper Fox holds a 25% carried interest in the Schaft Creek Joint Venture with Teck Resources Limited as Operator. Click here for PEA
Our 100% owned Eaglehead project reached a milestone with completion of an updated MRE that included Indicated and Inferred resource classifications. The focus going forward would be to test the continuity of the mineralization between the Bornite and East zones by drilling and to continue preliminary metallurgical testwork to better understand the metal recovery variability and comminution characteristics of the porphyry mineralization.
Mineral Mountain and Sombrero Butte are 100% owned exploration stage copper projects located in proven mining districts in Arizona. These projects exhibit large porphyry footprints hosted in Laramide age intrusives with mineralization, alterations and geophysical signatures indicative of large porphyry systems providing investors exposure to the possibility of an exploration discovery.