Osisko Development, O3 Mining create Quebec-focused lithium spinoff

A new 800-metre-long zone containing lengthy, high-grade lithium intercepts is being assessed.

Resources at the Idaho project in the indicated category are estimated at 4.4 million tonnes grading 0.19% cobalt and 0.73% copper.

Freeport will be able to earn up to 80% of ArcWest’s Todd Creek project.

Company said it also aims to advance a pipeline of prospective exploration targets within the property.

Copper exploration spending jumped 84% year over year in 2022, rising from C$128 million in 2021 to C$235 million.

The property covers 39,943 hectares in north-central Saskatchewan.

Company says it puts it into the league of the largest undeveloped nickel deposits in the world.

The company plans to restart production this year from the former Independencia mine dating to 1793.

The deposit now holds 18.8 million tonnes averaging 1.52% of lithium oxide in the indicated category, up from 14.4 million tonnes.