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An update from Plata Latina Minerals ( (TSE:EDCU) ) is now available.
Edge Copper reported a positive Preliminary Economic Assessment for its Zonia Copper Project in Arizona, outlining a 10-year open pit, heap leach SX-EW operation producing an estimated 784 million pounds of copper cathode. The base-case study indicates robust economics with attractive margins at a $4.60 per pound copper price, supported by a low strip ratio, competitive operating costs, existing infrastructure and on-site production of LME grade A cathodes, highlighting Zonia’s potential strategic role in domestic copper supply.
Management emphasized that the PEA is based on historical data and sees meaningful upside from improving metallurgical recoveries through finer crushing and from expanding and upgrading the mineral resource via ongoing drilling. The company is targeting a pre-feasibility study in 2027 and believes additional exploration to the north, south and east could extend mine life and enhance project value, reinforcing Zonia’s positioning as a scalable, long-life copper asset in the U.S. market.
More about Plata Latina Minerals
Edge Copper Corporation is a Vancouver-based mining company focused on developing its 100%-owned Zonia Copper Project in Arizona. The project targets open pit, heap leach SX-EW production of LME grade A copper cathode, positioning Zonia as a potential sizable source of U.S.-based refined copper supply.
Average Trading Volume: 119,278
Technical Sentiment Signal: Buy
Current Market Cap: C$113.9M
See more insights into EDCU stock on TipRanks’ Stock Analysis page.