ALTA COPPER – CANARIACO PROJECT LEADING THE FUTURE OF MINING
Along with copper, gold and silver moving up so is Alta Copper.
The Canariaco project is a large, economical copper-gold resource held by Alta Copper which is on the cusp of expansion drilling and development. Fortescue has recently announced they are ready to develop their copper assets. Fortescue is Alta Copper’s largest partner (31% strategic interest) and is one of their biggest advocates to bring Canariaco into production. Fortescue has the expertise and objective to bring the Canariaco project to production and they have been a very supportive partner as demonstrated by their recent financings of 30% to 50% above market.
Alta Copper has been trending upwards since the end of February (up 47%) and there are several reasons why, most notably, an Optimized Preliminary Economic Assessment (PEA) will soon to be released. Alta Copper’s opportunity for stakeholders is significant and compelling. There are very few copper-gold projects of scale that are economical, and Alta Copper is in the top 10 for size and grade so it is easy to say, they are on the radar to be acquired. With additional expansion drilling coming soon and more, Alta Copper has established a clear path forward, economically, strategically, socially, and environmentally.
Additionally, Fortescue is a leader in green-energy and is determined to lower their carbon footprint. Recently, Fortescue’s first operational electric excavator reached a one million tonne milestone. The intention of Fortescue is that all electrified mining equipment will eventually be 100 per cent powered by renewable electricity. There are tangible benefits to having a partner that is dedicated to the best mining standards, the Canariaco project will be a leader of these standards and a benchmark for the mining industry.
Big plans, require big partnerships, Alta Copper has a lasting partnership with the Fortescue team to responsibly develop the Canariaco copper-gold project for all stakeholders.
Alta Copper (ATCU) Target Price: $5.40/share
Alta Copper (ATCU) Target Price with projected Cu appreciation: $7.10/share