EnviroCopper is a privately-run mining company seeking to develop copper projects using an extraction method called “in situ- recovery” (“ISR”). London-listed Thor Mining Plc (LSE:THR) has the right to purchase a 30pc stake in the business, which in turn is earning into a 75pc position in two Australian assets called Kapunda and Moonta.
According to EnviroCopper, it is the first business to apply the ISR technique – which is more cost-effective and environmentally friendly than traditional mining – on the ground in Australia. With Kapunda and Moonta boasting a combined resource inventory of 233,000ts of copper, the upside opportunity that Thor’s exposure can offer to its shareholders is clear.
Alongside Thor’s executive chairman Mick Billing, we begin the below report with a detailed analysis of the ISR technique, the Kapunda project, and Envirocopper’s operational activity. In a subsequent update, we take an in-depth look at EnviroCopper’s August release on Moonta, which saw it announce that it is targeting between 428,000ts and 713,000ts of ISR-amenable copper at the project.
Simply click on the link below to read the special report in full screen.