Unlock stock picks and a broker-level newsfeed that powers Wall Street.

Business Wire
Northisle Announces Filing of NI43-101 Technical Report for North Island Project
Business Wire
7 min read

In This Article:

All figures in C$ unless otherwise noted

VANCOUVER, British Columbia, April 04, 2025--(BUSINESS WIRE)--Northisle Copper and Gold Inc. (TSX‐V: NCX) ("Northisle" or the "Company") is pleased to announce that the Company has filed on SEDAR+ a technical report (the "Report") prepared in accordance with National Instrument 43‐101 – Standards of Disclosure for Mineral Projects ("NI 43‐101") titled "NI 43-101 Technical Report and Preliminary Economic Assessment" supporting the results of a Preliminary Economic Assessment (the "2025 PEA") on the Company’s 100% owned North Island copper-gold project located in the north end of Vancouver Island, British Columbia (the "North Island Project"). The results of the 2025 PEA were previously reported in the Company’s news release dated February 19, 2025 and there are no material differences in the Report from those results. The effective date of the Report is February 12, 2025.

2025 PEA Highlights:

  • The 2025 PEA outlines robust economics, unlocking copper value through gold

    • Base Case: After-tax net present value ("NPV") of $2 billion (US$1.5 billion) at a 7% discount rate, after-tax internal rate of return ("IRR") of 29%, 1.9-year payback period and 29-year life of mine ("LOM")

    • After-tax NPV of $3.8 billion (US$2.6 billion) at 7%, after-tax IRR of 45% and a 1.4-year payback at spot prices

    • Phase 1 average annual production of 200,000 ozs Au and 48mm lbs Cu over 5 years, with 157 million lbs Cu Eq. or approx. 307,000 ozs Au Eq. LOM

    • LOM revenue of 48% copper, 45% Au, and 7% Mo at Base Case prices, and 50% Au, 44% Cu and 6% Mo at spot

    • Phase 1 operating cash flow of $2 billion at Base Case prices supports rapid payback of 1.9 years and fully funds Phase 2 expansion capex

  • Among the lowest cost and capital intensity projects relative to peer group

    • Two-phase approach at single plant site with Phase 1 at 40,000 tonnes per day ("tpd"), doubling to 80,000tpd

    • NPV of $2.0 billion (US$1.5 billion) is 1.7 times initial capital investment of $1.1 billion (US$847 million) at Base Case pricing and 3.3 times initial capex at spot prices

    • Phase 1 cash cost of US$763/oz Au Eq. or US$1.49/lb Cu Eq. sits in first quartile globallyi

  • Long-term opportunity spanning 35-kilometer porphyry district

    • 29-year mine plan

    • New discovery at West Goodspeed, located within 1km of Red Dog, not included in current resource

    • $7 million fully funded exploration program focused on expanding higher margin and grade northwest corridor

  • Furthers the Company’s sustainable development goals

    • Reduced emissions from Phase 1 operations, increased electrification opportunities

    • Estimated LOM carbon intensity among the lowest in Canada for open pit copper minesii

Terms and Privacy Policy
Your Privacy Choices
Utah Privacy Notice
More Info

Recommended Stories