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.
Our business model has resulted in the ownership of significant amounts of copper, gold, molybdenum and silver, a balanced portfolio of exploration and development stage projects and significant Net Asset Value per share based on independent National Instrument 43-101 Technical Reports.
Copper Fox’s portfolio consists of two development stage projects on which National Instrument 43-101 Technical Reports with valuations by independent engineering groups have been completed, two exploration stage projects and a controlling interest in a publicly traded junior exploration company that provides additional exposure to copper exploration.
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 the Schaft Creek deposit are considered a minimum. The mineralized envelope for the Schaft Creek deposit is open to extension and surrounding area which includes the Discovery zone (4 mineralized drill holes) and other exploration targets which are considered to have excellent potential to find additional copper mineralization. Copper Fox and Teck created the SCJV to further explore and develop the Schaft Creek project and since assuming Operatorship of the SCJV in 2013, Teck has incurred costs of approximately $20 million on Schaft Creek investigating various aspects of the project including completion of an updated resource estimate with an effective date of December 31, 2018 and a sizing and infrastructure study in 2018. In 2019, a geotechnical and environmental field program to further investigate potential infrastructure changes and an in-depth study of the 133ktpa case selected from the 2018 study are planned.
In addition to the work planned by the SCJV to advance the Schaft Creek project, Copper Fox is planning exploration programs to advance its 100% owned Van Dyke, Sombrero Butte and Mineral Mountain projects in 2019.