World Copper Ltd.

Description

World Copper Ltd., earlier known as Allante Resources Ltd., is a junior mining firm focused on copper resources. The firm was incorporated in June 2006 with a head office in Granville Street, Vancouver, in British Columbia.

World Copper is a public company listed on the TSX Venture Exchange, where its common shares are traded under the ticker symbol WCU. The natural resource company also lists and trades its shares on the Unites States OTCQB Market under the stock quote WCUFF.

The Canadian miner is engaged in the discovery, acquisition, exploration and development of base metal minerals, primarily copper. World Copper operates the Cristal Project situated contiguous to the Peruvian border, in northern Chile, near Arica.

The Project spans the northern area of the proliferous West Fissure Fault and has the potential to host high prospects for bulk-copper rich porphyry mineralization. The Cristal Property consists of mineral concessions spanning about nine square kilometers, supported by sound infrastructural facilities, including highways and ports.

In 2012, BHP Billiton (BHP) undertook significant exploration programs under an option agreement. The exploration results indicated the potential discovery of buried porphyry deposits. The company plans to continue this significant exploration work by targeting previously identified geophysical anomalies.

Currently, numerous senior copper production companies hold significant lands around the Cristal Property. The company's Escalones Project is another copper project located within the prolific Chilean porphyry copper belt in the central Andes Mountains. The Project sits approximately 35 kilometers away from the western El Teniente Mine.

The Project comprises mineral claims covering a total land area of 70 square kilometers. In addition, it enjoys infrastructural support, including roads, seaports, electricity supply, and a gas pipeline.

In 2020, World Copper recognized that the Escalones Project has the potential for heap leach copper production and redefined the project as a copper oxide deposit. The electrification revolution has raised the global demand for copper as it is universally, the prime metal utilized in various ranges of products from cellular devices to electric vehicles (EVs). The growing copper demand has placed the company in an advantageous position considering its copper-focused approach and mineral projects.

In September 2021, the company signed a definitive agreement to combine with Cardero Resource Corp., including the Zonia Project in central Arizona. The company is focused on exploration and drilling programs to discover and evaluate new mineralized targets to exploit the full upside potential and enhance resource output. With its exploration and development operations, the company aims to further advance and de-risk its projects in order to provide a significant return to its shareholders.