White Pine Copper Sees $1.38 Billion in Potential from Michigan Project

White Pine Copper LLC (WPC) has announced positive results from its Pre-Feasibility Study for the White Pine North Project in Michigan, USA. The project aims to revive one of America's legendary copper districts and provide a significant source of domestic copper supply.

The study reveals a post-tax net present value (NPV) of $1.38 billion and an internal rate of return (IRR) of 23.1% at an 8% discount rate. The pre-tax NPV is estimated to be $1.78 billion with an IRR of 26.2%. The project has a payback period of 3.4 years from the start of production.

The White Pine North Project will utilize a conventional modified room-and-pillar mining method and a crush-grind-flotation plant, with copper and silver recoveries of 85.6% and 96%, respectively. The project is expected to produce over 45,000 tonnes of payable copper per year for 26 years.

Chad Wolahan, Project Director at White Pine Copper LLC, commented that the PFS confirms what this district has always offered: a large, well-understood orebody that modern mining methods can extract efficiently. Kinterra's Co-Founder, Cheryl Brandon, added that the project is exactly the kind of asset the U.S. copper market needs right now.