New World Resources Raises Funds to Accelerate Development of Antler Copper Mine in Arizona.

According to foreign media reports on November 8th, New World Resources, listed on the Australian Stock Exchange, announced on Wednesday that it has secured a financing agreement of $11 million with Trident Royalties. The company is now well-funded to continue the development of the Antler Copper Mine in Arizona, USA.

New World Resources has signed a binding agreement with Trident Royalties, under which Trident will acquire 30.9% of the future metal output from the Antler Copper Mine.

The Antler Copper Mine is a high-grade copper-zinc multi-metal deposit, with an estimated ore reserve of 11.4 million tons. The ore has a copper content of 4.1%, approximately 467,000 tons of copper equivalent. The mine is expected to produce an average of 32,700 tons of copper per year over its 13-year mining life.

The company stated that a pre-feasibility study for the copper mine project is expected in the fourth quarter, with construction planned to commence in the first quarter of 2025.

[Source – 上海有色网] New World资源筹集资金以加速亚利桑那州Antler铜矿开发

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