Name of the Project
Copperwood project.

Location
Western Upper Peninsula of Michigan, in the US.

Project Owner/s
Highland Copper’s US subsidiary Copperwood Resources.

Project Description
The project envisages an estimated 11-year operation averaging payable copper production of 64.6-million pounds a year and payable silver production of 106 966 oz/y. 

Life-of-mine production is estimated at 300 000 t of copper and 1.1-million ounces of silver.

Room-and-pillar mining methods will be used given the relatively subhorizontal orebody that varies in thickness from 1.6 m to 3.7 m.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an after-tax internal rate of return of 17.6% with a net present value, at an 8% discount rate, of $222-million before taxes and $168-million after taxes. Payback is estimated at 3.5 years.

Capital Expenditure
Initial capital is estimated at $391-million.

Planned Start/End Date
Commissioning and plant ramp-up will take place during the first quarter of 2026.

Latest Developments
Highland Copper Company has received approval for its updated air permit application, known as a Permit to Install.

The Michigan Department of Environment, Great Lakes and Energy (EGLE) formally approved the permit on February 27, replacing the previous permit granted in 2018. 

The new permit allows for the project to supplement its main electrical supply with on-site generators as needed, enhancing operational reliability.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Highland Copper, tel +1 450 677 2455 or email info@highlandcopper.com.