Faraday Copper Corp.
Company Data
| Introduction
| Projects in Hand
| Management
News Update
| Chinese
| Address ： |
2800 – 1055 Dunsmuir Street PO Box 49225 Vancouver, BC Canada V7X 1L2 |
| Tel No.： | 778-730-1067 |
| Web Site： | www.faradaycopper.com |
| E-mail： | info@faradaycopper.com |
| Contact Person： | Stacey Pavlova |
| Position： | VP Investor Relations & Communications |
| Traded Market： | TSX | OTCQX |
| Traded Symbol： | FDY | CPPKF |
| Outstanding Shares： | ~205.52 million |
| 52 Week High： | $ 0.96 |
| 52 Week Low： | $ 0.56 |
| Present Price： | Click Here |
Faraday Copper is an exploration company focused on advancing its flagship copper project in Arizona, U.S. The Copper Creek project is one of the largest undeveloped copper projects in North America, with both open pit and bulk underground mining potential.
The Company is well financed to deliver on its key milestones and benefits from a management team and board of directors with senior mining company experience and expertise. The Company’s mission is to support the global energy transition and promote a sustainable future through the responsible development of domestically sourced North American copper.
Investment Highlights
Strategy: Creating Value by Advancing One of the Largest Copper Projects in the U.S.
- Copper Creek is a large undeveloped Cu-Mo-Ag resource in a Tier-One mining jurisdiction, with over 4.2 Blbs of copper Measured and Indicated Mineral Resource backstopped by a robust Preliminary Economic Assessment (PEA)
- Significant exploration upside with ongoing drilling, new near-surface discoveries and a portfolio of untested targets
- Growing the resource though definition of near-surface high-grade zones and step-out drilling
- Updated technical report in H2 2025 targeting enhanced project economics through increased scale, optimized process flowsheet and inclusion of gold
- Gold program targeting potential gold inclusion in future resource updates
- Experienced management team and Board of Directors
- Current U.S. Administration is highly-supportive of domestic mining projects
- Supported by the Lundin Family, Murray Edwards and Pierre Lassonde and well-funded to deliver on the Company’s strategy
- Environmental & Stakeholder Engagement
- Baseline environmental monitoring systems in place for data collection to support permitting process
- Commitment to open dialogue and support for the local economy and social programs
Copper Creek Project, Arizona
Located in a Top Mining Jurisdiction
Arizona Produced ~70% of U.S. Copper in 2023 (USGS)
- 100% owned property in Pinal County, Arizona, US – a top ranked mining jurisdiction in the world
- Excellent infrastructure with access to road, rail and power
- Near mining and service hubs with skilled labour: ~80 road km northeast of Tucson, ~25 road km northeast of San Manuel
- Adjacent to BHP’s San Manuel / Kalamazoo deposit
- ~40 km from the Hayden Smelter (Asarco)
- ~73 sq. km Property offers strategic benefits
- Copper Creek hosts multiple breccia and porphyry copper deposits
- District exploration upside with several hundred breccias mapped, less than 40 drill-tested and only 17 included in the Mineral Resource. Breccias offer high-grade, near surface mineralization potential and underpin the open pit resource
- Preliminary Economic Assessment (PEA) (2023) base case outlines a combined open pit and bulk underground mine, low initial capital investment and over three billion pounds of payable copper production during a 32-year mine life
- Post-tax net present value (7%) of US$713 million and internal rate of return of 16%
- Mineral Resource Estimate (MRE) outlining 4.2 billion pounds of copper Measured and Indicated (M&I) Mineral Resources, and 0.6 billion pounds of copper Inferred Mineral Resources
- 83% of the Mineral Resources are in the M&I category
- The PEA base case identified numerous value catalysts, which could unlock significant upside. Resource expansion and metallurgical optimization highlight the potential to increase mill throughput and enhance the metal production profile
Copper Creek Project Update
With extensive historical exploration, over 200,000 m of drilling and modest past production, significant exploration upside remains. There are several hundred known breccia occurrences mapped at surface, of which less than 20% have been drill tested and only 17 are included in the MRE.
In the Phase II drill program assay results confirmed the potential for gold to occur in economic concentrations in certain phases of the mineralization. Gold is not currently included in the MRE. A sampling program to gather sufficient data coverage for potential gold inclusion in future technical studies is largely complete. The results from the Childs Aldwinkle and Copper Prince breccias, as well as the Keel underground zone have been returned and released. The Company continues to evaluate other areas for potential inclusion of gold in future mineral resource updates.
The Company has reported results from a metallurgical program focused on grind size optimization that demonstrated the viability of coarse particle flotation, gold recoveries in concentrate and test work on near surface oxide mineralization.
The Company is focusing on exploration at the property while continuing to advance technical studies, environmental data gathering, and stakeholder outreach.
Catalysts and Next Steps
The ongoing Phase III drilling commenced in October 2023 and has been focused on near-surface mineralization in new targets, primarily within the American Eagle area.
The Company will have completed nearly 40,000 metres of incremental drilling beyond the current Mineral Resource Estimate (MRE), which represents a significant opportunity to enhance the project value.
The Company anticipates the release of an updated technical study in the second half of 2025.
(See news release dated March 11 & March 16, 2025)
Management and Directors
Paul Harbidge, President, CEO & Director
Mr. Harbidge is a geologist with 30 years of experience in mining exploration and development with a proven track record of discovering world class gold deposits. Mr. Harbidge was most recently the President and Chief Executive Officer of GT Gold and led the company to a CA$456 million acquisition by Newmont Mining Corp. in May 2021. He was SVP Exploration at Goldcorp and General Manager Exploration at Randgold Resources. Currently he is a Director of Fireweed Metals Corp.
Graham Richardson, Chief Financial Officer
Mr. Richardson is a Canadian CPA with over 15 years of finance experience in the mining sector. He was most recently the Senior Director, Finance and Accounting of Fortuna Silver Mines Inc. and held roles with Goldcorp Inc. and Deloitte Touche Tohmatsu Limited.
Dr. Thomas Bissig, VP Exploration
Dr. Bissig is a geologist and geochemist with more than 23 years of experience in exploration and applied research on porphyry and epithermal deposit types across the Americas. He most recently worked as a consulting geoscientist. He was Director, Geochemistry at Goldcorp/Newmont.
Zach Allwright, VP Projects & Evaluations
Mr. Allwright is a skilled mining professional with over 15 years of diversified international experience, specializing in asset optimization and technical evaluations. He was most recently the Director, North America of Mining Plus Consulting. Currently he is a Director of Mayfair Gold.
Aaron Cohn, VP & Country Manager, U.S.
Mr. Cohn is a mining and business professional with over 16 years of international and domestic experience in optimizing business performance through projects, programs and initiatives focused on efficiency and effectiveness. He was most recently the Vice President, Technical Services of Ma’aden Gold & Base Metals and held roles with Newmont Mining Corporation.
Angela Johnson, VP Corporate Development & Sustainability
Ms. Johnson is a diversified mining and exploration professional with over 12 years of experience. Most recently, Ms. Johnson led the corporate development team at Silvercorp Metals in the assessment and evaluation of international precious and base metal projects for potential acquisition or strategic investment. She also held roles with SSR Mining Inc. and Calibre Mining Corp. She is currently a Director of Endeavour Silver Corp. and Gold Royalty Corp.
Stacey Pavlova, VP Investor Relations & Communications
Ms. Pavlova is a finance professional with 15 years of experience in the mining industry within the spheres of investor relations, finance, and metal sales. Most recently, Ms. Pavlova was the Vice President, Investor Relations and Corporate Communications at New Pacific Metals and held various roles with SSR Mining Inc. She is currently a Director of NiCAN Ltd.
Independent Directors
Russell Ball, Chair
Capital Markets & Financial Expertise
Prev. CEO, Calibre Mining; CFO, Goldcorp; CFO, Newmont; Currently Director of Ivanhoe Electric and Southern Silver Exploration
Alan Wilson
Exploration Expertise
Prev. International Exploration Manager, Antofagasta
Katherine Arnold
Sustainability & Permitting Expertise
Prev. Director, Environment, Hudbay; Currently Director of Arizona Metals Corp.
Audra Walsh
Technical & Operations Expertise
Prev. CEO, Minas de Aguas Tenidas (MATSA); Currently Director of IAMGOLD Corporation.
Randy Engel
Strategic Expertise
Prev. EVP, Strategic Development, Newmont
Robert Doyle
Capital Markets & Financial Expertise
Prev. CFO, Pan American Silver; Currently a Director of Orezone Gold Corporation and Lithium Argentina
Arndt Brettschneider
Technical Expertise
Currently VP Operations & Projects, NGEX Minerals
March 19, 2025, Faraday Copper Intersects 56.57 Metres at 0.59% Copper at Boomerang and 18.49 m at 0.98% Copper at Banjo
Highlights
- At the Southern margin of the Banjo breccia, drill hole FCD-24-094 intersected multiple mineralized intervals, providing further confidence in the potential to define a significant open pit mineral resource in the American Eagle area. Drill results include:
- 18.49 metres (m) at 0.98% copper and 1.64 grams per tonne (g/t) silver from 198.00 m, within 80.90 m at 0.44% copper and 0.99 g/t silver from 135.61 m.
- 30.00 m at 0.25% copper and 0.93 g/t silver from 9.00 m in porphyry vein-hosted mineralization.
- 56.57 m at 0.59% copper and 1.58 g/t silver from 427.29 m within 139.49 m at 0.32% copper and 1.01 g/t silver from 365.27 m. This intercept corresponds to the Boomerang breccia and surrounding porphyry vein-hosted mineralization.
- At Rum, drill hole FCD-24-095 intersected 19.74 m at 0.83% oxide copper from surface in porphyry and breccia.
March 11, 2025, Faraday Copper Reports 2024 Financial Results
https://faradaycopper.com/news-releases/faraday-copper-reports-2024-financial-results/
February 20, 2025, Faraday Copper Announces Positive Metallurgical Results and Confirms High Copper Recovery through Coarse Grind and Flotation