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NorthWest Copper Adopting Phased Development Approach at Kwanika-Stardust
VANCOUVER, British Columbia, March 25, 2025 (GLOBE NEWSWIRE) -- NorthWest Copper (“ Nort...
About this update from Northwest Copper Corp.
[{"type":"text","content":"NorthWest Copper Adopting Phased Development Approach at Kwanika-Stardust\n\n\n\n VANCOUVER, British Columbia, March 25, 2025 (GLOBE NEWSWIRE) -- NorthWest Copper (“\n \n NorthWest\n \n ” or the “\n \n Company\n \n ”) (TSX-V: NWST) announces Geoff Chinn, VP Business Development and Exploration has begun the process to execute on the Company’s plan to enhance the value of the existing PEA\n \n 1\n \n on its 100% owned Kwanika-Stardust project.\n \n\n The Company’s plans for 2025 are to execute its strategy to enhance the value of the PEA at Kwanika-Stardust through a phased development approach by: i) targeting higher grade sub-domains within the current mineralization at Kwanika, ii) targeting near surface drill-ready exploration opportunities proximal to the existing Kwanika mineral resource, and iii) considering a hub and spoke development scenario for additional mineral resources, including the Kwanika South and Lorraine mineral resources\n \n 2\n \n\n ,\n \n\n 3\n \n . The Company’s 2025 strategy is set out in the corporate presentation located on the Company’s website at\n \n\n www.northwestcopper.ca\n \n\n .\n \n\n CEO Paul Olmsted stated, “A phased approach to development will likely provide investors with a more economic alternative to the development approach presented in the current PEA on the Kwanika-Stardust project. This staged approach would see an initial phase focussing on higher-grade copper and gold domains at Kwanika. Combining this new approach at Kwanika with the Stardust project, it has the potential to enhance the economics of the current PEA with higher-grades, and lower capital costs during the initial phase of development. Copper and gold prices used to estimate Mineral Resources in the PEA have increased significantly, by 43% and 84% respectively relative to current spot prices\n \n 4\n \n . Given these increases, and when combined with our new planned phased development approach, we believe updating the PEA is warranted and likely to yield significantly improved economics.”\n \n\n Newly appointed VP Business Development and Exploration Geoff Chinn, P. Geo, stated, “Having reviewed the Mineral Resource at Kwanika, I see potential to refine the geology model by modelling and targeting higher-grade estimation sub-domains within ...