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Kutcho Copper Update on Progress in 2022 and Plans for 2023
VANCOUVER, British Columbia, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Kutcho Copper Corp. (TSXV: KC) (OTC: KCCFF) (“Kutcho Copper” or the “Company”) is pleased to prov
About this update from Kutcho Copper Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Kutcho Copper Corp. (TSXV: KC) (OTC: KCCFF) (“Kutcho Copper” or the “Company”) is pleased to provide a review of its accomplishments in 2022 and look forward to the next steps planned for 2023 at its feasibility stage, high-grade copper-zinc development project located in north-western British Columbia. “Kutcho Copper finished 2022 with several fundamental accomplishments, most notably the debt restructuring with Wheaton Precious Metals that eliminated their debt and saw Wheaton become the largest shareholder of the Company, appointment of Andrew Sharp as COO and advancement of baseline studies in support of permitting,” said Vince Sorace, President & CEO of Kutcho Copper. “We anticipate that 2023 will be another year of progress as we are uniquely positioned with a feasibility-stage, high-grade, low-cost copper-zinc development project located in a Tier 1 jurisdiction. With Canada now focusing on critical minerals, including copper, and a robust copper market outlook, we will continue to explore and expand on opportunities for the Kutcho project on our path towards a construction decision.” Corporate/Project highlights: Feasibility study2 showcasing an after-tax Net Present Value (NPV 7%) of C$536 million and an Internal Rate of Return of 30.5% (at U$$4.00/lb copper), including: A mine plan for a predominantly simplified open-pit mining operation and a technically robust and capital-efficient project with a minimized footprint. Located in northwestern British Columbia, Canada, one of the safest mining jurisdictions globally with producing mines in the region including Brucejack (Newcrest Mining) and Red Chris (Newcrest/Imperial Metals) as well as several advanced projects.1 Strong financial support - Wheaton Precious Metals with an agreed precious metals stream in support of mine development and a strategic shareholding. Existing infrastructure – on-site field camp and airstrip; 120 km of ground access to be upgraded to a haul road for concentrate transport; existing concentrate export facilities within 400 km on a paved highway. The location has subdued terrain, reducing construction challenges. Project designed to minimize and avoid environmental impacts, including reducing greenhouse gas emissions, backfilling the open pit, avoidance of fish-bearing streams,...