District Copper currently has two projects in its portfolio. The firm holds a 100% interest in Copper Keg in British Columbia, Canada, totalling 6,628.12 hectares and a 25% interest in Stony Lake in Newfoundland, Canada, totalling 13,625 hectares. Copper Keg was acquired in early 2021, and it is the Company’s flagship asset where most of the resources and attention are focused.
Investment Highlights
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- District Copper (“DCOP”, or “Company”) is a copper exploration company with its flagship Copper Keg project in British Columbia in the early stages of exploration. The Company is in the process of refining its top exploration targets on the property for further investigation.
- Exploration upside: Central to the DCOP story is the hunt for the next copper porphyry deposit at Copper Keg. Initial studies and surveys are encouraging and indicate the presence of a porphyry system, but will require drilling to confirm the thesis. The area is highly prospective with the world-class Highland Valley copper mine located just 20 km to the South.
- Exposure to other projects: The firm maintains a 25% ownership in Stony Lake in Newfoundland, Canada and retains a 0.5% Net Smelter Royalty (NSR) in the Eaglehead property. Other companies are paying to advance these projects, while DCOP benefits from their success.
- Supportive environment: Copper is trading at high prices due to a global supply crunch; it remains on Canada’s critical minerals list, and the territory of B.C. is accustomed to exploration and mining operations.
- We are maintaining a positive outlook for the company over the next 12-month period with a target price of $0.30
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