Overview

Mine Type	Underground
Stage	Permitting
Commodities	Copper Zinc Lead Silver Gold
Mining Method	Sub-level open stoping (SLOS) Longitudinal stoping Transverse stoping
Backfill type	...
Mine Life	...
Snapshot	On July 17, 2024, New World Resources announced the completion of a positive Pre-Feasibility Study that demonstrates that the development of the high-grade Antler Copper Deposit is technically and financially robust. In January 2024, the Company submitted a Mine Plan of Operations (“MPO”) to the Bureau of Land Management (“BLM”), which is the first stage of formally obtaining approval to construct the proposed mining infrastructure on public lands. The MPO is expected to have the longest approval lead-time of all of the requisite permits.

Deposit type

• VMS
• Metamorphic hosted

Summary:

The Antler Deposit is a high-grade, polymetallic, volcanogenic massive-sulphide (“VMS”) Cu-Zn-Pb-Ag-Au deposit.

Mineralization at the Antler Deposit outcrops at surface over more than 750m of strike and dips west- north-west at about 55 degrees. Mineralization is primarily comprised of pyrrhotite with lesser pyrite and sphalerite, chalcopyrite and galena hosted in volcaniclastic rhyolite schist (the metamorphic equivalent of quartz-biotite gneiss).

Mineralization comprises volcaniclastic-hosted massive sulphides (“VMS”). The primarily subseafloor replacement-style VMS mineralisation has been subject to deformation wherein sulphide minerals were remobilized and recrystallized to their present form. Two northward-trending shoots of thickened mineralization, the “Main Shoot” and the “South Shoot”, have been defined by drilling to down dip depths of greater than 1,025m from surface.

Copper is the most valuable metal present, but significant revenue will also be derived from zinc, silver, gold and lead.

Mineralisation at the Antler Deposit remains open at depth and along strike. Exploration is currently in progress to test for the strike extensions of mineralisation. It is widely accepted that VMS deposits typically occur in clusters. New World has delineated more than 17 high-priority exploration targets (across its Antler and Javelin Projects, which is located 75km to the southeast) where discovery could result in development of satellite deposits. Ore from these areas could be trucked to the Antler Project to extend the life and/or increase the production profile of the operation. This would potentially enhance the economics of developing the Antler Project.

Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

Operational metrics

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Personnel

Job Title	Name	Phone	Email	Profile	Ref. Date
.......................	.......................	...........	...........		Jul 19, 2024
.......................	.......................				Jul 19, 2024
.......................	.......................	...........	...........		Jul 17, 2024

Total Workforce	Year
......	2024
......	2022