ISR

  • 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.

     

     

  • EnviroCopper is a privately run mining company, which is seeking to develop the Kapunda and Moonta copper projects using an extraction method call “in situ- recovery” (“ISR”). Thor Mining Plc (LSE:THR) has the right to purchase a 30pc stake in EnviroCopper, which is pioneering the application of ISR in copper mining operations in Australia. ISR is a highly cost effective and environmentally more friendly extraction method compared to traditional mining.

    EnviroCopper is earning into 75pc of two ISR projects in Australia, at Kapunda and Moonta. Across these two projects EnviroCopper now has a managed resourced inventory of 233,000 tonnes of copper; 119,000 tonnes at Kapunda and now, following August’s maiden resource estimate, 114,000 tonnes at Moonta.

    In this special MiningMaven Wire we provide analysis of the maiden copper resource estimate at Moonta and provide some more contextual background about other global ISR copper projects that could provide indicators as to how EnviroCopper might develop.

     

    The latest Moonta report can be read by accessing the download page HERE.

     

    This MiningMaven Wire also provides an update to the main EnviroCopper report published in June 2019, following release of the initial mineral resource estimate at Moonta in August 2019. The full report can be read HERE.