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 large-scale Schaft Creek Project in British Columbia, operated by Teck Resources Limited. The Company fully 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, providing long-life exposure to copper, gold, molybdenum and silver. Copper Fox also holds a pipeline of wholly owned exploration assets, including the Eaglehead Project in British Columbia and the Sombrero Butte and Mineral Mountain Projects in Arizona, offering additional upside through resource growth, a new 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 as well as 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.
Of the five projects held by Copper Fox, two projects are advancing to the prefeasibility study (PFS) stage, one is at the mineral resource estimate (MRE) stage and two are at the exploration stage. Click her for MREs
The Company is advancing its 100% owned Van Dyke ISCR project to the PFS stage. The 2020 updated Preliminary Economic Assessment (PEA) yielded an after-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 indicated 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) an after-tax NPV 8% of US$842 million, an IRR of 12.9% and identified opportunities that could enhance the investment opportunity of the project. To December 31, 2024, Teck’s investment in the Schaft Creek project is reported to be approximately C$98 million which includes C$74 million in Pre-Production Costs and a C$24 million cash payment received on execution of the Schaft Creek Joint Venture Agreement (SCJVA). The C$15.8 million 2025 program is focussed on geotechnical investigations of two critical infrastructure sites, updating the metallurgical and pit slope stability models along with updating the geological, structural and resouce 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. The objective of the 2025 program is to determine the readiness to advance the project from the PEA to the PFS stage. Copper Fox holds a 25% interest in the SCJVA with Teck at 75% and Operator. Click here for PEA
At our wholly owned Eaglehead Project in British Columbia, the project reached a milestone in 2023 with completion of a MRE that reported Indicated and Inferred resource categories. The focus going forward would be to complete the geophysical coverage of the identified eight kilometer long ‘mineralized corridor’ to define the dimensions of the chargeability target for planning future drill programs. The Company is considering an in-fill drill program to test the continuity of the mineralization between the Bornite and East zones, the results of which could significantly impact the resource base for the project.
Sombrero Butte and Mineral Mountain are 100% owned ‘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.