Copper has become essential due to its crucial role in global electrification, especially in battery metals. BHP, the world's largest mining company, has expressed concerns over the rising global adoption of AI, pointing out that AI’s energy-intensive computing, including data centers, could push global copper demand up by an additional 3.4 million tonnes annually by 2050.
BHP estimates that overall global copper demand will soar to 52.5 million tonnes per year by 2050, marking a 72% increase compared to 2021. However, the world is facing a growing copper shortage, with inventories at historic lows and new mines taking years to bring online.
Source: https://www.mining.com/bhp-warns-ai-boom-would-worsen-copper-shortage/
Zeus North America Mining Corp. (Ticker: ZEUS.c or ZUUZF for U.S. investors) is strategically positioning itself to benefit from the rising demand for copper by exploring resource-rich but underdeveloped areas in Idaho.
Zeus' flagship project, the Cuddy Mountain Property, is adjacent to the Leviathan Copper Porphyry discovery, a major copper system that highlights Zeus’ potential to uncover significant mineral resources. Both properties share a history of silver occurrences and feature volcanic formations and rhyolite, which are favorable for porphyry-style mineralization.
The Leviathan discovery has drawn significant attention to the area, with major industry players like Barrick and Rio Tinto staking claims in the region.
Zeus is leveraging this momentum by conducting extensive geophysical surveys, soil sampling, and targeted drilling across the Cuddy Mountain property. These efforts are aimed at identifying and prioritizing key exploration targets, with the data expected to guide next year’s potential drilling campaigns.
The Cuddy Mountain project represents a promising opportunity for Zeus to tap into the value of this underexplored but highly sought-after region at a time when copper prices are surging due to rising global demand.
Company Deck: https://www.zeusminingcorp.com/_resources/presentations/corporate-presentation.pdf
Posted on behalf of Zeus North America Mining Corp.