QC Copper is growing its ~2 billion pound open pit copper deposit in Quebec
Stephen Stewart & Family
Charles Beaudry – VP Exploration & Director
Charles is a P. Geo with over 30 years experience in project generation, business development, exploration chemistry and hands-on project management. Charles previously held the position of General Manager of new business opportunities with IAMGOLD Corporation from 2008 until 2009, after having spent nearly 17 years in various capacities for Noranda-Falconbridge-Xstrata, including as country manager of Brazil from 1996 to 2001 and manager of the Frieda River Project from 2005to 2006. He holds a Bachelors of Science in Geology from the University of Ottawa and a Masters of Geology from McGill University.
QC Copper is a relatively new company with a recently announced copper deposit. We are currently undertaking a 60,000-metre drill program to grow our 100 million tonne open pit resource. We are well-financed with $16M in cash and $12M in Baselode Energy shares on our balance sheet.
QC Copper intersects 100m of 0.42% CuEq and 93m of 0.45% CuEq, Further Extending the Mineralization of Opemiska’s Conceptual Open Pit.
QC Copper intersects 184m of 0.32% CuEq, including 49.5m of 0.7% CuEq, Extending Mineralization within the Conceptual pit.
QC Copper appoints Derek Teevan Vice President of Strategic Engagement September 20, 2021
QC Copper announced its maiden resource of ~2 billion pounds of pit constrained copper at an average grade of .85% Copper Equivalent.
QC Copper still retains ~11M shares of Baselode Energy (FIND:TSXV) which trades at +$1.00CAD
We will have continued news flow from our ongoing 60,000-metre drill program.
Towards the end of 2022 we expect to release an updated resource estimate
Our focus in 2023 will be to define resources in and around the third and fourth mines of the Opemiska, which are the Cook and the Robitaille mines. QC Copper has internally modelled these resources based on historic data however it will be drilling these out and repeating the same exercise it’s done thus far on the Springer and Perry Mines which currently compose the Company’s resources.
Aside from commodity price risk, our challenge is the development risks associated with open pit mine development. These include ESG and social licensing.
Our risk-adjusted return profile is exceptional given our balance sheet and established NI 43-101 resources relative to our enterprise value.
1. We are developing and growing a large high grade, high confidence (82% M&I) 2 billion lbs copper resource in Quebec.
2. Infrastructure is in place, including rail on site, clean low cost grid power, paved highway within an area with strong mining culture – the Abitibi region of Quebec.
3. We have $16M in cash and $28M in working capital with our share position in uranium company Baselode Energy.