CB's 3 phase plan summarised by Ai15 Jun 2026 20:27
Phase 1: Near-Term Production & Cash Flow (Q3 2026)
• The Goal: Transition from a grassroots project into an active producer, targeting first copper concentrate production by Q3 2026.
• Execution: Supported by a freshly secured $7 million prepayment financing facility and a 100% life-of-mine offtake agreement with Hartree Metals. Groundbreaking (the box cut) is expected by late July.
• Target Output: Upgrading the existing NLZM processing plant to hit an initial annualized production rate of roughly 8,500 to 10,000 tons of copper.
Phase 2: Resource Expansion & Permitting (Medium-Term)
• The Goal: Immediately pivot back to aggressive resource definition to scale up the project. Bird notes they will not "skip a beat" once Phase 1 is running.
• Execution: Utilize surplus cash flow from Phase 1 to fund exploration definition, modeling, permitting, and identifying a new, larger plant location.
• Target Output: Prove up a major deposit along their 17-kilometer unconfirmed strike zone, targeting a minimum threshold of 500,000 tons of contained copper.
Phase 3: Scaling to the "Big League" (Long-Term)
• The Goal: Transform the operation into a massive, multi-decade tier infrastructure play.
• Execution: Deepen the strategic partnership with Hartree Metals. Bird emphasizes that Hartree was chosen not just for the initial offtake, but because they have the deep pockets and institutional protocol required to co-fund a heavy capital expansion.
• Target Output: Scale production up to 25,000 tons of copper per year. At a $14,000/ton copper environment, Bird highlights this would yield over $330 million in annual revenue with high margins.
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