According to foreign media reports on November 8th, New World Resources, listed on the Australian Stock Exchange, announced on Wednesday that it has secured a financing agreement of $11 million with Trident Royalties. The company is now well-funded to continue the development of the Antler Copper Mine in Arizona, USA.
New World Resources has signed a binding agreement with Trident Royalties, under which Trident will acquire 30.9% of the future metal output from the Antler Copper Mine.
The Antler Copper Mine is a high-grade copper-zinc multi-metal deposit, with an estimated ore reserve of 11.4 million tons. The ore has a copper content of 4.1%, approximately 467,000 tons of copper equivalent. The mine is expected to produce an average of 32,700 tons of copper per year over its 13-year mining life.
The company stated that a pre-feasibility study for the copper mine project is expected in the fourth quarter, with construction planned to commence in the first quarter of 2025.
[Source – 上海有色网] New World资源筹集资金以加速亚利桑那州Antler铜矿开发 https://news.smm.cn/news/102465370
