The Copper Mountain pit at Osisko Metals’ Gaspe project in eastern Quebec. Credit: Osisko Metals
Osisko Metals (TSX: OM) CEO Robert Wares is confident on expanding the largest copper project east of the Mississippi while getting the permits and partner to develop it.
The Gaspé project at a former Noranda mine in Quebec is due for an update on its 1.5-billion-lb. copper resource across indicated and inferred categories in February, Wares told The Northern Miner by phone last month. The proposed mine is due for a preliminary economic assessment by the end of next year followed by a feasibility study in 2027. It’s already on government permitting radars though it’s too early for a capital spending estimate.
“We’re hoping to get on [Prime Minister] Mark Carney’s Building Canada Act to fast-track the process, and we’re already in discussions with the federal government on that,” Wares said….
