ALTA COPPER – RAMPING UP FOR ANOTHER BIG DISCOVERY Copper is at the $10,000 per tonne mark which is a key milestone for the green energy metal and based on numerous reports about supply deficits,
the metal is going a lot higher in the coming months and years. Yesterday, Alta Copper released news on their
upcoming drilling plans for 2024 as well as a new geological model for the Canariaco project, community relations advancement and the soon to be released optimized preliminary economic assessment (PEA).
Drilling: The news release contains a myriad of information that details a
40-platform drill strategy primarily focused on the newly discovered Canariaco Sur (~25 targets) and the undrilled porphyry target Quebrada Verde (~60 targets). Canariaco Norte (~10 targets) already has a proven economical resource but will also be drilled to expand the deposit and follow high grade copper intercepts to depth. Drill permits expected by Q3-2024 or earlier.
The upside to resource expansion for the entire Canariaco project is significant. View Drill Targets
https://altacopper.com/site/assets/files/5982/fig_2.jpg Optimized Preliminary Economic Assessment (PEA): The details of the
Optimized PEA are set to be released by May 15, 2024 and from the small soundbites from various interviews by Alta Copper’s Executive Chair, Giulio Bonifacio,
the PEA is so robust that it could justify proceeding directly to Feasibility in the near future. Watch the latest video
https://youtu.be/-SXs3pdxdzY?si=sfGCGa5dvNkhGV5Q Community Relations: Alta Copper has been working directly with the various community members to help improve, grow, and market various goods such as coffee, mushrooms, gooseberries, green peas, and trout. Through Alta Copper’s strategic corporate partnerships, the various community members are able to sell and export their goods to various markets easily and effectively. Alta Copper has also recently
provided the first third of the S/750,000 soles committed (US$ 210,000) for the development of sustainable projects in the area. These projects are to be chosen by a committee made up of community members, Canariaco Copper team and the Lambayeque Chamber of Commerce.
Alta Copper is committed to hiring and employing local community members throughout all stages of advancement. The coming weeks and months should prove very exciting for Alta Copper and all stakeholders. Copper is the future, and the future of copper is today. Are you ready? Alta Copper Target Price: $6.00/share Opportunity: 12x current share price 91,000,000 shares outstanding x $6/share = $546,000,000 market capitalization * Target price calculation is based on the size of Alta Copper’s current resources and does not include additional drilling results at Norte, Sur or Quebrada Verde. Comparable projects of grade, size and location have been considered including recent copper acquisitions. Read Alta Copper News Release https://altacopper.com/news-releases/news-releases/2024/alta-copper-delivers-a-new-geological-model-provides-update-on-the-optimized-pea-drill-permit-and-community-relations/