Name of the Project
Antler copper project.

Location
Arizona, US.

Project Owner/s
Exploration and development company 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 announced the appointment of a COO and CFO as it continues to build its senior leadership team to drive the development of the Antler project.

Kyle Lindahl, based in the US, has been promoted from VP of project development to COO, with the responsibility of leading the development of the project.

Warwick Amos, who is based in Australia, has been appointed CFO to lead financial operations, project financing and corporate development functions.

Pat Siglin, based in the US, is the new VP of exploration. He was previously the company’s exploration manager.

With these key appointments, New World has assembled a highly experienced management team to drive the project through financing, final permitting, development, construction and into operations.
MD Nick Woolrych stated: “Kyle, Warwick, and Pat each bring deep expertise in their respective fields, and together, they provide the leadership we need to successfully advance Antler from development . . . to production. Their combined experience in project execution, finance and exploration positions us strongly to deliver long-term value for our stakeholders and establish Antler as a significant new source of copper in the US.”

Key Contracts, Suppliers and Consultants
None stated.

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