Name of the Project
Antler copper project.

Location
Arizona, US.

Project Owner/s
New World Resources.

Project Description
The project proposes the development of a 1.2-million-tonne-a-year underground operation with a 12.2 year life, comprising 13.6-million tonnes at 1.6% copper, 3.7% zinc, 0.6% lead, 24.5 g/t silver and 0.26 g/t gold. 

About 341 100 t of copper-equivalent metal will be payable over the life-of-mine, or 30 100 t copper equivalent a year.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 7% discount rate, of $636-million and an internal rate of return of 34.3%, with a payback of 3.3 years after tax.

Capital Expenditure
$298-million.

Planned Start/End Date
Production is targeted for 2027.

Latest Developments
New World has submitted a key construction permit for its Antler copper project.

The company has applied for an air quality control permit from the Arizona Department of Environmental Quality, representing a critical step in the approval process to develop the project.

“This permit application, together with our previous federal permit submission in January 2024, means that New World is well on the way to submitting applications for all permits required to allow [for] . . . development and mining of the Antler project to proceed,” MD and CEO Nick Woolrych has said.

New World will lodge additional Arizona state permits over the coming weeks, with approvals expected to be received progressively from mid-2025.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
New World Resources, tel +61 9226 1356 or email info@newworldres.com.