EnviroCopper’s Leon Faulkner with copper sample from current test work at Kapunda ISR Project
Alligator will make an initial investment of A$0.9m for 7.8% of ECL, with the exclusive option to make further staged strategic investments to increase its ownership in ECL to 50.1%.
ECL is currently advancing ISR trials for environmentally sustainable copper extraction at its flagship Kapunda copper project and has similar plans at its Alford West copper project to help meet copper demand for the green energy transition.
BHP Ltd (previously OZ Minerals) continues to fund part of ECL’s field investigations, including a Site Environmental Lixiviant Trial (“SELT”) of Copper ISR at Kapunda (AIM/ASX: 9 August 2022).
ISR has been successfully (and economically) used to extract copper in several projects both in Australia and the US. It offers distinct economic advantages and environmental benefits over conventional open pit/crush/heap leach for shallow oxide copper projects.
ECL’s experienced ISR team has undertaken significant research and exploration funded under aCommonwealth Govt CRC-P grant of A$2.8m, for R&D and approvals for test work into ISR of shallow fractured rock aquifer hosted oxide copper deposits.
A technical advisory committee will be formed, enabling Alligator to assist ECL with its planned In-Situ trial work across all projects and an ability to jointly apply any intellectual property (“IP”) that is developed.
The South Australian Government’s copper strategy of targeting 1Mtpa of copper production per annum provides a positive backdrop to the potential of ISR copper test work.
Following the initial investment by Alligator of A$0.9m, and also taking into account the dilution deriving from the announcement also made this morning of the agreement by ECL with Andromeda Metals Ltd, Thor’s 30% holding in ECL will be diluted to 26.5%.
WATCH: Learn more about how ISR works.
WATCH: Site Environmental Lixiviant Trials are currently underway at the Kapunda Copper ISR Project in South Australia. EnviroCopper’s Leon Faulkner took a moment to explain the aims of the test work.
ALFORD COPPER PROJECTS
Thor Energy Plc is pleased to announce a strategic investment by Alligator Energy Limited into EnviroCopper Ltd (“ECL”) to further develop In- Situ Recovery (“ISR”) copper projects. Thor currently holds a 30% equity interest in ECL.
Thor Energy Plc is pleased to announce positive metallurgical copper recovery results, advancing Thor’s In-Situ recovery assessment of the Alford East Copper-REE Project, South Australia.
Thor Energy Plc is pleased to provide investors with a chance to view the presentation slides from the Investor Presentation titled “Alford East: Accelerating Exploration with Fleet Space Technologies”, delivered by MD Nicole Galloway Warland, at the Annual General Meeting on the 29th of November 2023.
Thor Energy Plc is pleased to provide investors with a chance to view the presentation slides from the Investor Presentation titled “New Green Economy: Uranium Focus”, delivered by MD Nicole Galloway Warland, at the Annual General Meeting on the 29th of November 2023.
The acquisition phase of the low-impact, ANT surveys are now complete and clearly delineate low-velocity, weathered ‘troughs’ that host the oxide copper-gold- REE mineralisation within the Alford Copper Belt
Thor will acquire a further 29% interest in the Alford East Copper Oxide Project, covering portions of EL6255 and EL6529, taking Thor’s interest to 80%