United States

Antler Project

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Categories

Overview

Mine TypeUnderground
StagePreliminary Economic Assessment
Commodities
  • Copper
  • Zinc
  • Lead
  • Silver
  • Gold
Mining Method
  • Longhole stoping
  • Cemented paste backfill
Mine Life10 years (as of Jan 1, 2022)

Owners

SourceSource
CompanyInterestOwnership
New World Resources Ltd. 100 % Indirect
The Antler Deposit outcrops over 750m of strike within two patented mining claims. One of New World’s US-subsidiaries owns a 100% interest in these two patented claims (that cover a total of 40 acres) – where both the surface rights and the mineral rights are privately-owned. New World also holds a 100% interest in an additional 81 unpatented mining claims on adjoining federal lands (covering 1,365 acres), where mineral exploration and mining is overseen by the Bureau of Land Management (“BLM”).

Contractors

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Deposit type

  • VMS

Summary:

The Antler Deposit is a high-grade, polymetallic, volcanogenic massive-sulphide (VMS) Cu-Zn-Pb-Ag-Au deposit. Mineralisation outcrops at surface over 750m of strike. The Deposit dips to the west- northwest at around 60 degrees.

While mineralisation is laterally and vertically continuous over the 500m of strike that has been drill-tested to date, to depths >700m, several thicker, steeply plunging “shoots” of high-grade mineralisation are evident. This thickening is interpreted to be due to structural repetition – primarily folding; while faults may also locally control thicker mineralisation.

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

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

CommodityProductUnitsAvg. AnnualLOM
Copper Metal in concentrate M lbs 34300
Copper Concentrate kt 71457
Zinc Metal in concentrate M lbs 82725
Zinc Concentrate kt 102613
Lead Metal in concentrate M lbs 1094
Lead Concentrate kt 9.458
Silver Metal in concentrate oz 519,0004,674,000
Gold Metal in copper conc. oz 3,06028,200
Copper Equivalent Metal in concentrate t 30,600271,240

Operational metrics

Metrics
Daily milling capacity 0000
Annual ore mining rate 0
Annual milling capacity 00
Annual milling rate 0
Ore tonnes mined, LOM 000
Tonnes milled, LOM 000
* According to 2022 study.

Production Costs

CommodityUnitsAverage
C1 cash costs Copper Equivalent USD 000
C1 cash costs Copper USD 0000000
Assumed price Lead USD 0000
Assumed price Zinc USD 0000
Assumed price Copper USD 000
Assumed price Silver USD 00
Assumed price Gold USD 0000
* According to 2022 study / presentation.
Net of By-Product.

Operating Costs

Currency2022
UG mining costs ($/t milled) USD 52 *  
Processing costs ($/t milled) USD  ....  Subscribe
G&A ($/t milled) USD  ....  Subscribe
Total operating costs ($/t milled) USD  ....  Subscribe
* According to 2022 study.

Project Costs

MetricsUnitsLOM Total
Pre-Production capital costs $M USD  ......  Subscribe
Sustaining CapEx $M USD  ......  Subscribe
UG OpEx $M USD  ......  Subscribe
Processing OpEx $M USD 175.2
G&A costs $M USD 139.1
Total OpEx $M USD  ......  Subscribe
Net revenue (LOM) $M USD  ......  Subscribe
Pre-tax Cash Flow (LOM) $M USD  ......  Subscribe
Pre-tax NPV @ 7% $M USD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe
Pre-tax payback period, years  ......  Subscribe

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

Source Source
Job TitleNamePhoneEmailProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Dec 19, 2023
....................... Subscription required ....................... Subscription required Subscription required Dec 19, 2023
....................... Subscription required ....................... Subscription required ........... Subscription required ........... Subscription required Subscription required Dec 8, 2023

Total WorkforceYear
Subscription required 2022

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