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Kutcho Copper Corp.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  Suite 717, 1030 West Georgia Street
Vancouver, BC
Canada V6E 2Y3
Tel No.: 604-628-5623
Web Site: www.kutcho.ca
E-mail: info@kutcho.ca
Contact Person: Vince Sorace
Position: President & CEO


Company Data

Traded Market: TSX-V; OTC-PINK
Traded Symbol: KC; KCCFF
Outstanding Shares: 47,770,378
52 Week High: $ 1.04
52 Week Low: $ 0.10
Present Price: Click Here


Introduction

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Kutcho Copper Corp. is a Canadian resource development company focused on expanding and developing the Kutcho high grade copper-zinc project in northern British Columbia, Canada. Committed to social responsibility and the highest environmental standards, the Company intends to progress the Kutcho Project through feasibility and permitting to a positive construction decision.


Projects in Hand

Kutcho Copper-Zinc Project, Northern British Columbia

Kutcho Copper Corp. acquired 100% ownership of the Kutcho high grade copper-zinc development project in December 2017 from Capstone Mining Corp. The Kutcho property is located approximately 100 km east of Dease Lake in the Liard mining division of northern British Columbia, and consists of one mining lease and 46 mineral exploration claims covering an area of approximately 17,060 hectares. Project accessed by airstrip and seasonal road from Hwy 37 which connects to Smithers and port facilities at Stewart.

Project Highlights

  • 100% owned high grade copper-zinc development project located in northern British Columbia, a top tier mining jurisdiction with major mines and active projects in Tahltan and Kaska territories, including Brucejack (Pretium), Red Chris (Imperial Metals) and Galore Creek (Teck/NovaGold)
  • High grade copper-zinc-gold-silver volcanic massive sulphide (“VMS”) system with a Probable Mineral Reserve (2017 estimate) of 10.4 Mt @ 2.01% Cu, 3.19% Zn, 34.61 g/t Ag and 0.37 g/t Au (2.92% CuEq)
  • 2017 updated Prefeasibility Study (“PFS”) demonstrates robust economics: after-tax NPV (8% discount rate) and IRR of C$265 million and 27.6% respectively with a manageable initial capex (incl. 15% contingency) of C$220.7 million
  • Significant potential for improvement through expansion of reserve/resources and a focused permitting effort

Production Statistics

Mine Life: 12 years
Production Rate: 2,500 tpd
Cu Recovery: 84.7%
Zn Recovery: 75.7%
LOM Cu Production: 378 Mlbs
LOM Zn Production: 473 Mlbs
Average Annual Cu Production: 33 Mlbs
Average Annual Zn Production: 46 Mlbs

Goal to double reserves from current 10.4 Mt through existing resource conversion

Existing Resource Conversion

  • Increased M&I Resources:
    • Lowering the resource cut-off grade from 1.5% to 1.0% Cu has increased M&I Resources at Main by ~50% or 5.0Mt with only a 14% decrease in grade
    • Additional M&I Resources are not included in the current 2017 PFS economics
  • Conversion of Inferred Resources:
    • Main Inferred Resource: 1.0Mt @ 2.21% CuEq
    • Sumac Inferred Resource: 4.8Mt @ 1.7% CuEq

Expansion Potential

  • Main Zone open down dip along ~60% of its strike length
  • Esso Zone open down dip along ~50% of its strike length
  • Define resources at Esso West and Main Footwall Zone

District Discovery Potential

  • Multiple repeated VMS sulphide horizons are under-explored
  • No significant exploration conducted on the property since 1990
  • VTEM survey proven to be highly successful at detecting known VMS sulphide mineralization
  • High priority targets: documented sulphide horizons; VTEM conductors; and strongly altered volcanic rocks

Kutcho Project Execution Timeline

  • Resource conversion & expansion drilling completed within 12 months
  • Feasibility Study completed within 18 months
  • Construction decision estimated within 30 months

The Company has re-initiated baseline studies at the Kutcho Project. The planned baseline program will continue with and confirm the environmental and socio-economic data that had been collected previously by Capstone Mining Corp.

Kutcho has also initiated engagement and consultation programs with First Nations, governments, and area stakeholders to discuss value components, opportunities, issues and concerns to ensure that development of the Kutcho Project will be undertaken in a responsible manner that considers all area interests.

Investment Highlights

  • 2017 PFS demonstrates robust economics
  • Low risk potential to double Mineral Reserves and significantly increase production capacity
  • A clear path to produce a feasibility study, complete permitting requirements and reach a construction decision
  • Wheaton Precious Metals stream establishes a basis for a strong partnership and lowers financial risk of the project (See details regarding the non-binding terms for a Precious Metals Purchase Agreement with Wheaton Precious Metals in the Company’s August 10, 2017 News Release)
  • Potential for additional discoveries through exploration


Management

Vince Sorace, President & Chief Executive Officer, Director

25 years experience in capital markets
Raised over $200M in equity & debt financings
Prior roles include Founder, President & CEO of various private and public resource companies

Rob Duncan, Chief Operating Officer

26 years experience in mineral exploration for majors including Rio Tinto and Inmet
Extensive technical background in VMS systems including Kudz Ze Kayah and Wolverine in Yukon’s Finlayson District

Sue Craig, Vice President of Community & Environment

Over 25 years experience in exploration, development, construction, production & mine closure Prior Director of Government & Community Relations for Aurico Gold and led the Environmental Assessment process for NovaGold’s Galore Creek project

Rory Kutluoglu, Vice President of Exploration & Development

Prior Exploration Manager for Kaminak Gold
Instrumental in delivering the maiden resource, positive PEA and FS for the Coffee project

Angus Christie, Senior Manager of Engineering

Over 30 years experience in mine project development, resource & reserve estimation, mining, mineral beneficiation, water & waste management, environmental management.

Gavin Cooper, Chief Financial Officer

35 years in finance, strategy & senior management
Serves as Director on various other TSXV listed companies

Stephen Quin, Director

Bill Bennett, Director

Jay Sujir, Director

Brad Mercer, Director

Advisory Board

Peter Meredith

Rob Carpenter

Stuart Angus


News Update

On July 12, 2018, Kutcho Copper Corp. announced that it has launched MineHub Technologies Inc. with a syndicate of industry partners including a senior mining company, one of the world's largest streaming companies, an international base and precious metals and concentrates trading company that specializes in providing trading and financing solutions for miners and smelters and a global financial institution offering banking services in the metals and mining industry. Further details regarding syndicate members will be disclosed in the near future.

On July 4, 2018, Kutcho Copper Corp. announced that it has appointed Sue Craig as vice-president of community and environment. Ms. Craig will be replacing Allison Rippin Armstrong who will be moving into an advisory role for the Company.

On June 18, 2018, Kutcho Copper Corp. announced that drilling has started at its 100-per-cent-owned Kutcho high-grade copper-zinc project located in British Columbia. Approximately 12,000 metres of drilling are planned for the 2018 field season, which is expected to be completed by mid-October.

On June 13, 2018, Kutcho Copper Corp. announced that over 25 exploration targets have been identified across the Kutcho project and have been split into both near-mine drill-ready targets and greenfields opportunities. Of these, nine Tier 1 priority targets have been selected for field follow-up.

On May 15, 2018, Kutcho Copper Corp. announced that it has commenced field mobilization of heavy equipment, camp facilities and drill rigs for the upcoming 2018 field program.

On April 24, 2018, Kutcho Copper Corp. announced that it has chosen Ausenco Engineering Canada Inc. ("Ausenco") to lead the preparation of a feasibility study for the high grade Kutcho copper-zinc project. Ausenco will be supported by a team of geotechnical, environmental, metallurgical, resource, mining and hydrology/hydrogeological consultants.

On April 17, 2018, Kutcho Copper Corp. and Tahltan Central Government announced that they have entered into an Exploration Agreement and a Communication Agreement relating to the Kutcho Project, which is located 100 km east of Dease Lake in Northern British Columbia.

On April 10, 2018, Kutcho Copper Corp. announced that it has entered into an option agreement by which it can earn a 100-per-cent interest in the TCS property located in Northern British Columbia, approximately 90 kilometres from the Kutcho project and 16 kilometres from Dease Lake.

Vince Sorace, president and chief executive officer, stated: "The TCS property covers prospective Kutcho formation rocks with defined copper-zinc anomalies which have never been drill tested and complements the regional exploration work planned for the Kutcho project in 2018 and 2019. TCS has been acquired as a pipeline project and could have several future synergies as it is located proximal to the proposed haul road for the Kutcho project."

On April 4, 2018, Kutcho Copper Corp. announced that it has received from Wheaton Precious Metals Corp. ("Wheaton") its first tranche advanced payment in the amount of US$3.5 million under the Precious Metals Purchase Agreement ("PMPA") previously announced August 10, 2017.


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