Universal Copper Ltd. Canadian copper exploration
Universal Copper Ltd. is a Canadian-based copper exploration company focused on the acquisition and exploration of high-quality copper assets in favorable jurisdictions. The Company’s management team has many years of experience in exploration, finance and efficient public company management.
Universal’s current focus is the Poplar Copper Project, one of the most advanced pre-production copper projects in British Columbia. Recent drilling conducted by Universal Copper indicates the known area of discovery is open laterally and at depth. A 2012 Historic Resource estimate includes Indicated Mineral Resources of 131 million tonnes at 0.31% Cu, 0.009 % Mo, 0.09g/t Au and 2.39 g/t Ag; and Inferred Mineral Resources of 132 million tonnes at 0.27 % Cu, 0.005 % Mo, 0.07 g/t Au and 3.75 g/t Ag. The 2012 historic resource incorporated 300 drill holes totaling over 46 thousand meters of drilling.
The largest exploration potential lies outside the historic resource within the plus 39,000 hectare property, where a historic exploration program of soil sampling and limited drilling identified nine copper targets. A 2009 Airborne EM / magnetic survey confirmed the potential of these nine targets. A 2017 Long Wave InfraRed (LWIR) survey supported the airborne geophysics and also identified an underexplored regional hydrothermal alteration corridor which hosts a number of the known targets as well as newly identified targets.
The company is planning a 6000 meter drill program for this spring to test the further depth potential of the historic resource area, as well as the outlying targets.
Poplar is ideally located for development. Encompassing 39,280 hectares, the road accessible property is bisected by a 138 Kva Hydro electric line and also accessible via rail – only 88km from Houston and 400km to the deep-water port at Prince Rupert. Typical snowfall consists of 150cm on an annual basis, allowing for year-round exploration and development. Poplar lies 35km from the Huckleberry Mine and 42km from Equity Silver in an area of the province with a long, rich mining history.
BHP Billiton, the world’s largest miner, sees copper, not lithium or cobalt, as the best way to benefit financially through increased electric vehicle (EV) adoption rates. Glencore, Rio Tinto & Ivanhoe Mines are also bullish on copper. Research suggests that copper consumption from EV production alone could rise over nine times in the next decade.
Global consumption of refined copper is expected to steadily increase over the next several years, driven by the demands of the power industry in third world countries and continued electric vehicle (EV) production and adoption rates grow. Copper price increases are indicative of a positive outlook for continuing global economic growth. Copper supply and demand outlook by Fitch Solutions shows global demand for refined copper will soon outstrip production and the market will be in deficit over the next few years. Fitch correctly predicted the global refined copper balance to indicate a deficit of 247kt by 2018, and to remain under-supplied through to 2021. This has come to pass recently and is expected to continue into the foreseeable future.
We see Universal as an excellent way to leverage an investment in the copper sector as the price continues to increase as demand out strips supply.
Clive H. Massey
C.E.O. President & Director
Universal Copper Ltd. (TSX-V: UNV)
Suite 830 1100 Melville St., Vancouver B.C., V6E 4A6
Mobile: 604-644-6794, Office: 604-341-6870
E-mail: [email protected]
Web Site: www.universalcopper.com
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