Copper Fox is a Canadian resource company advancing a focused portfolio of porphyry copper projects in North America. Our cornerstone asset is a 25% carried interest in the Schaft Creek Joint Venture (SCJV) formed to explore and develop the large-scale Schaft Creek project in British Columbia, operated by Teck Resources Limited (Teck). The Company also owns the Van Dyke project, an in-situ copper recovery (ISCR) asset with strong economics and near-term development potential in Arizona. These two advanced-stage projects anchor a total copper-equivalent inventory exceeding 7.3 billion pounds, which includes substantial recoverable quantities of gold, molybdenum and silver. Copper Fox also wholly owns three porphyry copper exploration assets; the Eaglehead project in British Columbia and the Sombrero Butte and Mineral Mountain projects in Arizona, offering additional growth through resource expansion, exploration discovery and strategic optionality.
The Company is uniquely positioned to offer investors exposure to the increasing demand for critical metals such as copper, gold, molybdenum and silver. 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.
Of the five projects held by Copper Fox, two projects are advancing from the preliminary economic assessement (PEA) stage to the prefeasibility study (PFS) stage, one is at the mineral resource estimate (MRE) stage and two are at the drill ready exploration stage.
At Schaft Creek the objective of the 2025 program is to determine project readiness to advance from the PEA to the PFS stage. Copper Fox holds a 25% interest in the SCJV with Teck at 75% and Operator. The 2021 PEA, based on a copper price of US$3.25/lb, yielded (on a 100% basis) an after-tax NPV 8% of US$842 million, an IRR of 12.9% and identified opportunities that could enhance project economics and lead to a more robust investment model. The PEA also indicated that each US$0.25/lb increase in copper price above the base case increases EBITDA by US$970 million. Teck’s investment in the Schaft Creek project at the end of 2024 is reported to be approximately C$98 million since formation of the SCJV. The C$15.8 million 2025 program is focussed on geotechnical investigations of two critical infrastructure sites, completing the metallurgical testwork program and updating the pit slope stability, geological, structural and resource models as required. Environmental baseline data collection, hydrogeological studies as well as archeological investigations in critical areas of the project and community relations with the Tahltan Nation are ongoing. Click here for PEA
As the first step in advancing the Van Dyke project to the PFS stage, the Company assembled a team of Arizona based consultants with expertise in ISCR deposits to prepare a detailed Execution Plan outling the activities, timeline, permitting and estimated costs (US$23.4 million) to complete a PFS on the Van Dyke ISCR project. The 2020 PEA, based on a copper price of US$3.15/lb, yielded an after-tax NPV 7.5% of US$645 million, an IRR of 43.3% and identified opportunities that could enhance project valuation and expand the resource base. The PEA also indicated that each US$0.25/lb increase in copper price above the base case increases EBITDA by US$270 million. The PEA also indicated the project has the potential to become a near term mid-size Arizona based copper producer and recommended completion of a PFS. Click here for PEA
The Eaglehead porphyry copper project has transitioned to the resource expansion stage. Going forward the objective would be to conduct step-out drilling programs to define limits of the mineralization in the four open-ended porphyry copper deposit outlined in the 2023 MRE. The 2025 geophysical survey identified an open-ended (to the NW) chargeability anomaly (>8mv/v) measuring 2,800m long by 2,400m wide that substantially expanded the resource potential of the project. The survey also demonstrates that these deposits are located at the apex of the chargeability anomaly implying potential to significantly expand the mineralized envelope along strike and down dip. An application for a Multi-Year Area Based (MYAB) permit to continue the resource expansion program is planned. Click here for MRE
Sombrero Butte and Mineral Mountain are ‘high quality’ ‘drill ready’ exploration stage projects located in proven copper districts in Arizona. These projects are strategically located in well defined porphyry copper belts in Arizona and exhibit large porphyry footprints hosted in Laramide age intrusives with mineralization, alterations and geophysical signatures indicative of large porphyry systems. Drilling to test the porphyry copper target on the Mineral Mountain project is planned for mid-October 2025. A Plan of Operation to conduct a drilling program at Sombrero Butte is expected to be filed before the end of 2025.