World Copper Ltd (TSX-V:WCU, OTCQB:WCUFF) has said it is poised for continued sustained growth this year as it issued an update after having recently been publicly traded for one year.
The preliminary economic assessment (PEA) for its Escalones project in Chile is expected to be delivered in the near future, the company said, adding this was the "single most important development for the asset and the company".
"We also expect the Mancha Amarilla drill program to commence in February 2022, with the receipt of drill permits in-hand. Our plans for Zonia remain to update the existing PEA, and to start drill work to expand the substantial resource that is already in place," World Copper noted.
"Copper demand is expected to remain strong in the near-term and strengthen over the long-term further adding further tailwinds to our endeavours. We look forward to continuing to provide updates throughout the upcoming year with continued investor outreach programs as the future continues to be bright for the World Copper," it added.
READ: World Copper poised for PEA for Escalones, says Fundamental Research Corp, which starts coverage with a 'Buy'
World Copper CEO Nolan Peterson highlighted that on January 28, the group also completed its merger with Cardero Resources.
Peterson will be presenting at the London Southeast Live Webinar on Tuesday, February 8, 2022, at 11:30am PST and he will also be presenting at the GCFF Virtual Conference 2022 - Base Metals & Energy Metals Day - a free online event to be held on Wednesday, February 9, 2022 at 10:55am PST, the firm said.
Headquartered in Vancouver, British Columbia, World Copper is focused on the exploration and development of its copper porphyry projects - Escalones and Cristal in Chile, and Zonia in Arizona.
Contact the writer at giles@proactiveinvestors.com