Aston Bay Holdings Ltd. has filed a NI 43-101 technical report detailing an initial Mineral Resource Estimate (MRE) for its Storm Copper Project in Nunavut, Canada, revealing substantial copper resources with promising development potential.
The report indicates 8.2 million tonnes of indicated resources at 1.47% copper and 3.3 million tonnes of inferred resources at 1.30% copper across six separate deposits. Notably, over 90% of the contained metal can be accessed through open-pit mining techniques, with mineralization predominantly composed of high-grade chalcocite.
The strategic significance of this resource estimate lies in its potential for future expansion. All six deposits remain geologically open, suggesting opportunities for increasing the project's total resource volume. The high-grade nature of recent discoveries further enhances the project's economic attractiveness.
Aston Bay and its joint venture partner, American West Metals Limited, are planning a Preliminary Economic Assessment scheduled for the third quarter of 2025. The project has secured a strategic funding package that could cover up to 80% of initial development costs, reducing financial risk and accelerating potential project advancement.
The Storm Copper Project represents a significant opportunity in the North American copper mining landscape, with its near-surface mineralization and promising resource characteristics positioning it as a potentially valuable asset in the critical metals sector.
