Idaho Copper Corp. (OTC Pink: COPR) is pleased to announce it has retained Barr Engineering Co. of Salt Lake City, Utah and Whittle Consulting Pty Ltd of Melbourne, Australia, to aid in its forthcoming, updated PEA (Preliminary Economic Assessment) Technical Report, which is anticipated to be released in mid-year 2025.
Barr, which will be acting as the study manager and lead author of the updated PEA, brings to the project decades of broad capabilities in environmental and geologic services, mine engineering, process engineering, civil engineering, and facility and infrastructure design. Their engagement will be supplemented by Lycopodium, Inc., which are experts in ore-sorting technology; they will be reviewing extensive test work conducted during 2024 that demonstrated the variability of the CuMo orebody and its strong amenability to ore sorting. (see Press Release dated September 19, 2024).
Whittle Consulting are leaders in the optimization of mining projects and operations, materially improving their cashflow, NPV and overall economic performance. Since 1999, they have conducted over 180 optimization studies around the world, for both open pit and underground mines across all commodities, with clients that include many of the world’s major mining companies as well as numerous junior ones.
Idaho Copper has, since March 2024, been working on its PEA update, which is expected during the first half of this year. The updated PEA will be compliant with Canadian National Instrument 43-101 and US SEC Regulation S-K 1300. The PEA update integrates ore-sorting as a key component of the mine design, mine plan, and production schedule; optimizing separation of higher-grade mill feed from lower-grade stockpile ore and waste. The company expects these changes to significantly reduce initial capital and operating costs, and dramatically increase project economics compared to the 2020 PEA.
