Progress of Antler Copper Project Pre-Feasibility Study

New World Resources Limited (ASX: $NWC) has released a positive Pre-Feasibility Study (PFS) for the development of the Antler Copper Project in Arizona, USA. The study demonstrates the technical and financial robustness of the project, supporting immediate commencement of a Definitive Feasibility Study (DFS). The project includes a 1.2Mtpa underground operation with a 12.2-year life, with a mining inventory comprising 13.6Mt @ 1.6% Cu, 3.7% Zn, 0.6% Pb, 24.5g/t Ag, and 0.26g/t Au. The company has commenced a DFS, mine permitting, and project finance activities. The Antler Deposit remains open at depth and along strike, with considerable exploration upside. The company is also engaging in community engagement and project financing activities.

Executive Commentary on Antler Copper Project

The company has confirmed the positive outcomes of the Pre-Feasibility Study for the Antler Copper Project. The study has provided a strong foundation for the commencement of the Definitive Feasibility Study, mine permitting, and project finance activities. The robust base case economics and considerable exploration upside demonstrate the potential for long-term value creation. We are committed to transparent and inclusive engagement with all stakeholders and adherence to social and environmental standards as we progress through the next stages of development.

Overview of Antler Copper Project Progress

New World Resources Limited has made significant progress in the development of the Antler Copper Project, with the completion of a positive Pre-Feasibility Study. The company has commenced a Definitive Feasibility Study, mine permitting, and project finance activities, indicating a strong commitment to advancing the project. The Antler Deposit's considerable exploration upside and the company's engagement in community involvement and project financing activities reflect a comprehensive approach to project development. The company's commitment to transparency, environmental responsibility, and inclusive stakeholder engagement underpins its strategy for the project's advancement.