PROJECT FINANCE

New World raises cash to advance copper mine restart studies

WITH some of its best drilling results to date, and a significant resource boost in recent days, New World Resources has gone back to capital markets so it can complete a prefeasibility study to support a restart of the historical Antler copper mine in Arizona in 2024.

The existing Antler headframe was last used in the '70s

The existing Antler headframe was last used in the '70s

Late last month the junior increased resources by 48% to 11.4 million tonnes at 4.1% copper equivalent, based on a 1% CuEq cut-off.    Days later it revealed its deepest hole drilled so far had delivered...

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