Hunting for High-Grade Rare Earths and Copper in Tasmania

• CopperCorp is focused on copper and rare earth exploration assets in Tasmania, Australia with around 1800 sq km of land holdings. Looking to attract major mining companies.
• Main projects are Alpine copper project and the newly acquired Razorback rare earth project. Alpine could be an underground bulk mining target, will look for partners to advance.
• Planning an aggressive drill program at Razorback for copper-gold-rare earths in an IOCG setting. Expect to start drilling in Q4 2022.
• Re-analyzing old drill core from Razorback using modern methods to get full elemental assays. Cost effective way to get more data.
• Additional prospect is Jasper which has high grade copper and zinc from surface sampling, but minerals not visible. Anomalous grades need to be followed up.

About CopperCorp Resources

CopperCorp Resources is a Canadian exploration company focused on copper and rare earth assets in Tasmania, Australia. With around 1800 km2 of claims in northwest Tasmania, the company is exploring several targets along an 80km trend of Iron Oxide Copper Gold (IOCG) style mineralization. The company's two main assets are the Alpine copper deposit and the Razorback rare earth project. Led by CEO Steve Swatton, formerly of Rio Tinto and BHP, CopperCorp is aiming to delineate district-scale projects to attract interest from major mining companies. With around $5 million in the bank, the company is funded for at least 1-2 years of exploration.

Interview with Stephen Swatton, CEO of CopperCorp Resources Inc.

Razorback Rare Earth Project

The Razorback project covers an area of potential rare earth mineralization that has seen little past exploration. Rock samples have returned high grades up to 16% total rare earth oxides (TREO), pointing to the potential for a significant discovery. The mineralization is related to IOCG-style alteration and structures around an intrusive body.

Only minimal past drilling has been carried out, with one hole returning an impressive 30m at 2.1% TREO. The rare earths are skewed towards the more valuable heavy rare earths like praseodymium and neodymium. With a large 2km x 2km alteration system identified, there is substantial room to expand the known mineralization. CopperCorp plans to carry out an aggressive drill program at Razorback in Q4 2022 and Q1 2023 to test the extent of this prospect.

Alpine Copper Deposit

The Alpine deposit lies within CopperCorp's Jasper project area and hosts copper mineralization amenable to bulk underground mining. Past drilling has returned intercepts up to 16% copper and 30% zinc. The high grades sit in a mineralized system that is not visible to the naked eye, presenting an opportunity missed by old miners in the region.

Further work is planned to understand the nature and scale of the Alpine system. The deposit is located just 8km from the operating Mt Lyell copper-gold mine, demonstrating the regional potential. With Mt Lyell hosting over 1 million ounces of gold and 3 million tonnes of copper, the district is proven to host world-class deposits.

Partnering with Majors

A key part of CopperCorp's strategy is attracting interest from major mining companies for the district-scale potential of its Tasmania projects. With properties covering around 80km of prospective IOCG trend, there is substantial room for additional discoveries. The capital needs for advancing the projects is beyond the means of a junior explorer, hence the plan to joint venture the projects once drill-ready targets have been identified.

The location in Australia provides stability and access to infrastructure, important factors for the majors. The projects also provide exposure to commodities of interest like copper and rare earths which are seeing strong demand growth. The involvement of CEO Steve Swatton, with experience at BHP and Rio Tinto, provides credibility and contacts to engage the majors at the right time.

Upcoming Catalysts

With an aggressive exploration program planned and assays from previous drilling pending, CopperCorp will see steady news flow over the coming 6-12 months. Investors can expect a drilling update from Razorback later in Q4 2022, followed by initial results in Q1 2023. The analysis of historical core at the Alpine deposit will also provide details on the potential scale of mineralization. Site visits and planning for the next stage of exploration are also on the cards.

Conclusion

CopperCorp provides exposure to copper and rare earths, both seeing strong demand growth amid the energy transition. The large land package along an IOCG trend offers substantial discovery potential. With a modest market cap and funded exploration, the stock could see significant upside on exploration success. The involvement of mining veteran Steve Swatton provides credibility and contacts to advance the projects. Investors interested in copper and rare earths can keep an eye on drill results from Razorback as potential share price catalysts.