Copper Fox is a Canadian based resource company focussed on value creation through acquisition, exploration and development of potentially low cost, large polymetallic porphyry copper projects in Canada and the United States. Our business model is conservative and guided by technical and economic factors that affect both the copper industry and the junior resource market.
The implementation of our business model has resulted in the ownership of significant amounts of copper, gold and molybdenum, a portfolio of exploration and development stage projects and the ability for the Company to determine a Net Asset Value per share based on independent National Instrument 43-101 Technical Reports.
Copper Fox’s portfolio consists of two projects on which National Instrument 43-101 Technical Reports with valuations by independent engineering groups have been completed, two early stage exploration project and a controlling interest in a publicly traded junior exploration company providing exposure to both exploration and development stage projects.
Copper Fox’s primary asset is a 25% carried interest in the Schaft Creek Joint Venture (“SCJV”) with Teck Resources Limited (“Teck”). Schaft Creek is one of the largest undeveloped porphyry copper deposits in North America. The stated resources for Schaft Creek are considered a minimum for the deposit because the limits of the mineralization have not been defined. The area surrounding the Schaft Creek deposit is considered a copper district with excellent growth potential through exploration due to the Discovery zone (4 mineralized drill holes) and a number of other exploration targets in the area. In July 2013, Copper Fox and Teck created the SCJV to further explore and develop the Schaft Creek project. Since taking Operatorship of the SCJV, Teck has incurred costs of approximately $20.0 million on Schaft Creek investigating various aspects of the project and collecting additional data and further advance the technical understanding of the project.
The Company’s broad range of high quality projects in geopolitical stable areas, its 25% carried interest in the SCJV with Teck and experienced management are key to Copper Fox’s long term success.