Guys!!!!
Very exciting times coming. The year of rebound. Copper Foxshould not be around in 2018. This is Teck's most optimistic and detailed write-up to date regarding notes on "Other Copper Projects". This is also their largest and most exciting infomation sharing on future plans on these projects!!! I like what I am reading :) Time to buy more.
Other Copper Projects
In January 2017, we increased our ownership of Compañia Minera Zafranal S.A.C. to 80% through an acquisition of all of the outstanding shares of AQM Copper Inc. not already owned 14 Teck Resources Limited 2017 First Quarter News Release by us. Additional drilling and a feasibility study are planned to start in the second quarter of 2017 along with additional community engagement activities, environmental and archaeological studies, and permitting work necessary to prepare and submit an Environmental Impact Assessment.
In March 2017, we launched our Project Satellite initiative, the focus of which is to surface value from five substantial base metals assets - Zafranal, San Nicolás, Galore Creek, Schaft Creek, and Mesaba, all of which are located in stable mining-friendly jurisdictions in the Americas. Our approach is to work with existing and potentially new partners on appropriate and prudentlyfunded work to advance engineering and design as well as social and environmental activities. Value capture could be achieved through various commercial or development options, including full divestment, further investment by Teck, partnering, vend-in or public offering.