Imperial Metals Corp T.III

Excellent Red Chris and Mount Polley news!

[miningfundi]

News from Newcrest and Imperial is very positive - 2023 is going to be a huge year!

At Red Chris, drilling at East Ridge continues to confirm continuity and expand the footprint of higher grade mineralisation and strengthen the potential for resource growth.

^{East Ridge is outside of Newcrest's Mineral Resource estimate. Diamond drilling continues to define the extent and continuity of this higher grade mineralisation. A further 25 diamond drill holes at minimum are planned to test and close out the target mineralisation. This program is expected to be completed by the second quarter of calendar year 2023.}

The Feasibility Study is now expected to be completed in the second half of 2023 
 
The 2023 production target for Mount Polley is 30 – 33 million pounds copper and 35-40 thousand ounces gold.

[Bravohit]

How is this excellent news? We have seen announcements like this every single year! Remember that study three years ago that they laid in shares for 2 mil bucks at a SharePoint of 1.28$!??? The answer why was also - good news! This company needs to produce copper and not "good news" stories!  the minute increase in production is barley enough to justify the excitement MP reopening

[diamondlessnono]

Their head is thinking, steady pay check

[miningfundi]

Since the sale of 70% of Red Chris to Newcrest, I consider III to be a late exploration, early development company, not a production company. Under NCM's management (fortunately), a revised Mineral Resource, and an economically robust block and cave Prefeasibilty Study has been issued. A Feasibility Study is scheduled for late this year followed shortly, I expect, by a construction decision