World Copper Announces Grade-Confirmation Programme at the Zonia Copper Project, Arizona
#1570 - 200 Burrard Street
Vancouver, BC, Canada, V6C 3L6
T: 604-638-3287 / F: 604-408-7499
www.worldcopperltd.com
NR24-11 August 12, 2024
World Copper Announces Grade-Confirmation Programme
at the Zonia Copper Project, Arizona
FOR IMMEDIATE RELEASE...Vancouver, British Columbia: World Copper Ltd. ("World Copper" or
the " Company"; TSXV: WCU, OTCQB : WCUFF, FSE:7LY0) announces a grade- confirmation
programme at its Zonia copper-oxide project in Arizona, USA (“Zonia” or the “Zonia Project”).
As a past producer, Zonia hosts over 7.1 million tons (containing up to 55 million pounds of copper) of run-
of-mine mineralized material placed on three leach pads in the 1970’s. This material is not currently
considered in the project’s Mineral Resource Estimate. This partially processed material is located on
private patented land and is easily accessible (see the release from July 2 nd, 2024, for further details). It
presents a significant opportunity to add value to the project and could potentially beco me an additional
early revenue source, having a positive effect on Zonia’s future economics and NPV (net present value).
Historical documents (a mine production report from 1979 and a project evaluation report from 1982)
estimated remnant copper content of the pads ranging from 26.6 million lbs to 55 million lbs, with a grades
ranging from 0.4% to 0.6% Cu. Therefore, the Company has initiated a grade -confirmation programme,
which will include surface studies, drilling, and metallurgical testing to confirm the acid -soluble copper
grade of this material. The programme will involve up to 1,100 metres (3,600 f eet) of reverse circulation
(“RC”) drilling, followed by metallurgical testing and additional in-fill drilling, if required.
Re-processing historical material often presents very attractive economics. At Zonia, this material is readily
available and could be processed at lower cost than the bedrock resource. Following the completion of the
grade-confirmation programme and securi ng the necessary permits, the Company plans to focus on
designing the most optimal solution for reprocessing the material either through a small, portable SX -EW
plant or by crystallizing copper sulfate, a marketable product requiring less upfront investmen t. This
production could occur prior to commencement of the full-scale production from Zonia´s main mine plan,
as outlined in the historical preliminary economic assessment (“PEA”) of 2018.
Mr. Gord Neal, CEO of World Copper, states: “Confirmation of existing copper metal sitting on our leach
pads is a real opportunity to generate pre-production revenue, The grade- confirmation programme is a
crucial first step towards creating additional shareholder value through potential upfront cash flow.”
Readers are cautioned that the above historical quantities and grades reported in the historical reports have
not been verified by the Company and there has been insufficient work to determine if the numbers in the
historical reports are accurate. The potential quantity and grade of copper at the historical heap leach pads
are conceptual in nature, as there has been insufficient exploration to define a mineral resource and it is
uncertain if further exploration will result in the target being delineated as a mineral resource. The Company
is not treating the opportunity target as current mineral resources or mineral reserves.
World Copper Ltd. - 2 - August 12, 2024
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#1570 - 200 Burrard Street
Vancouver, BC, Canada, V6C 3L6
T: 604-638-3287 / F: 604-408-7499
www.worldcopperltd.com
ABOUT THE ZONIA PROJECT
Zonia is in the Walnut Grove Mining District, Yavapai County, Arizona, and consists of 96 patented and
185 unpatented mineral claims, 566.85 acres of surface rights acquired from the State of Arizona, and 376
acres purchased from a private estate, all totaling 4,373 acres.
Zonia is a near-surface, copper-oxide resource and a brownfields site having already been pre-stripped and
mined in the late 1960s and ’70s. The project has been significantly de -risked with over 50,000 metres of
drilling completed to date and with substantial amounts of detailed engineering completed. The PEA based
on the Historical Resource Estimate indicated that the project could be advanced utilizing low -cost open
pit mining and heap leach with SX -EW processing to produce pure copper cathode (a copy of the PEA
technical report is available on Zonia Holdings Corp.’s (formerly Cardero Resource Corp.) SEDAR+ profile
at www.sedarplus.ca).
In addition to the established resource, the Zonia land position contains a copper-molybdenum geochemical
anomaly Zonia North located within the same prospective geology. This anomaly is located two kilometres
northeast of the resource and represents a high-priority copper-oxide porphyry exploration drill target. For
further details on the Zonia North target please refer to news releases from May 2, 2022.
The Zonia Project´s most recent mineral resource estimate includes 75.7 million short tons grading 0.30%
total-copper (Indicated Resources) containing 450.5 million pounds of copper and 122.0 million short tons
grading 0.24% total -copper (Inferred Resource s) containing 575.4 million pounds of copper (see news
release dated February 23, 2023).
The Updated Resource Estimate was completed by Richard A. Schwering P.G., SME -RM, of Hard Rock
Consulting, LLC of Lakewood, Colorado (“HRC“), an independent qualified person as defined by National
Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101“), for World Copper as part
of the Company’s overall exploration plan for Zonia (see news release dated May 22, 2022).
Table 1. Resource Estimate for Zonia
Classification
(Oxidation State)
Copper
Cut-off (%)
Short Tons
(Million)
Grade
(CuT %)
Cu. Lbs.
(Million)
Indicated (Oxide) 0.125 71.3 0.3 425.1
Indicated (Transition) 0.13 4.4 0.29 25.4
Total Indicated Variable 75.7 0.3 450.5
Inferred (Oxide) 0.125 100.1 0.23 463.7
Inferred (Transition) 0.13 21.9 0.25 111.7
Total Inferred Variable 122 0.24 575.4
Notes:
1. The effective date of the Updated Resource Estimate is September 1, 2022.
2. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
Inferred Mineral Resources are that part of the mineral resource for which quantity and grade or
quality are estimated on the basis of limited geologic evidence and sampling, which is sufficient to
imply but not verify grade or quality continuity. Inferred Mineral Resources may not be converted
to mineral reserves. It is reasonably expected, though not guaranteed, that the majority of Inferred
Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration
(see “Cautionary Note to United States Investors“).
World Copper Ltd. - 3 - August 12, 2024
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3. Mineral resources are reported using a variable total -copper cut-off. The cut-off grade for blocks
was calculated based on the following assumptions: a long -term copper price of US$3.60/lb.,
assumed combined operating ore costs of US$6.25/ton (low grade re-handle, process, and general
and administrative costs), refining & shipping costs of US$0.15/lb. of copper, and copper
metallurgical recoveries of 73% for blocks coded as oxide and 70% for blocks coded as transition.
4. Mineral resources are captured within an optimized pit shell and meet the test of reasonable
prospects for economic extraction by open pit. The optimization used the same mining costs of
US$4.75/Ton mined and a 50º pit slope.
5. Mineral resource tonnage and contained metal have been rounded to reflect the accuracy of the
estimate, and numbers may not add due to rounding.
Table 2. Mineral Resources Over a Range of Cut-off Grades
Notes:
1. Please see the notes to Table 1.
Figure 1. View of Pit Constrained Resources Above Cut -off Looking North and Rotated Down 60
Degrees (Hard Rock Consulting, 2022).
World Copper Ltd. - 4 - August 12, 2024
NR24-10 Continued
#1570 - 200 Burrard Street
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T: 604-638-3287 / F: 604-408-7499
www.worldcopperltd.com
QUALIFIED PERSONS
John Drobe, P.Geo., a qualified person as defined by NI 43- 101, has reviewed the scientific and technical
information that forms the basis for this news release and has approved the disclosure herein. Mr. Drobe
is not independent of World Copper as he is a consultant of World Copper.
ABOUT WORLD COPPER LTD.
World Copper Ltd., headquartered in Vancouver, BC, is a Canadian resource company focused on the
exploration and development of its copper porphyry projects: Zonia in Arizona and Escalones in Chile.
Both projects have estimated resources with significant soluble copper mineralization, and they boast
exciting potential to expand the resource base. The Company is dedicated to sustainable practices and
leveraging technology to develop safe and productive mining operations in stable, mining- friendly
jurisdictions.
Detailed information is available at World Copper’s website at www.worldcopperltd.com, and for general
Company updates you may follow us on our social media pages via Facebook, Twitter & LinkedIn.
On Behalf of the Board of Directors of
WORLD COPPER LTD.
"Gordon Neal"
Gordon Neal
President & Chief Executive Officer
Mobile:604-657-7813
For further information, or to schedule a Zoom meeting with Management, please contact:
Gordon Neal or Michael Pound
Phone: 604-638-3665
E-mail: [email protected]
For all Public Relations inquiries, please contact:
Nancy Thompson
Vorticom, Inc.
Office: 212-532-2208 | Mobile: 917-371-4053
Follow Us:
Twitter: https://twitter.com/WorldCopperLtd
Facebook: https://www.facebook.com/WorldCopperLtd
LinkedIn: https://www.linkedin.com/company/worldcopperltd
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSX V)
accepts responsibility for the adequacy or accuracy of this news release.
World Copper Ltd. - 5 - August 12, 2024
NR24-10 Continued
#1570 - 200 Burrard Street
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T: 604-638-3287 / F: 604-408-7499
www.worldcopperltd.com
*Updated resource estimate completed by Richard A. Schwering, P.G., SME-RM of Hard Rock Consulting,
LLC of Lakewood, Colorado, an independent qualified person as defined by National Instrument 43- 101
Standards of Disclosure for Mineral Projects ("NI 43-101"), for World Copper as part of the Company's
overall exploration plan for Zonia.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward -looking statements and forward- looking information (collectively, “forward -
looking statements”) within the meaning of applicable Canadian and U.S. securities legislation. All statements, other
than statements of historical fact, included herein including, without limitation, statements with respect to anticipated
exploration program results from exploration activities (including the potential results of re-processing the historical
heap leach pads and ISL area), the expected exploration at Zonia of the historical heap leach pads and ISL area, the
discovery and delineation of mineral deposits/resources/reserves and the ant icipated business plans and timing of
future activities of World Copper are forward- looking statements. Although World Copper believes that such
statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking
statements are typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”,
“plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and
similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur
or be taken or achieved. In making the forward- looking statements in this news release, World Copper has applied
several material assumptions, including without limitation, market fundamentals will result in sustained copper
demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the
future development of Zonia in a timely manner, the availability of f inancing on suitable terms for the development,
construction and continued operation of World Copper’s projects and its ability to comply with environmental, health
and safety laws.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of World Copper to differ materially from any future results, performance
or achievements expressed or implied by the forward- looking information. Such risks and other factors include,
among others, operating and technical difficulties in connection with mineral exploration and development activities,
actual results of exploration activities, including on Zonia, the estimation or realization of mineral reserves and
mineral resources, the timing and amount of estimated future production, the costs of production, capital expenditures,
the costs and timing of the development of new deposits, requirements for additional capital, future prices of copper,
changes in general economic conditions, changes in the financial markets and in the demand and market price for
commodities, lack of investor interest in future financings, accidents, labour disputes and other risks of the mining
industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or
construction activities, risks relating to epidemics or pandemics such as COVID–19, including the impact of COVID–
19 on W orld Copper’s business, financial condition and results of operations, changes in laws, regulations and
policies affecting mining operations, title disputes, the inability of World Copper to obtain any necessary permits,
consents, approvals or authorizations, the timing and possible outcome of any pending litigation, environmental issues
and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclosed in World
Copper’s continuous disclosure documents. All of World Copper’s Canadian public disclosure filings may be
accessed via www.sedarplus.ca and readers are urged to review these materials.
Readers are cautioned not to place undue reliance on forward-looking statements. World Copper does not undertake
any obligation to update any of the forward- looking statements in this news release or incorporated by reference
herein, except as otherwise required by law.
Cautionary Note to United States Investors
World Copper prepares its disclosure in accordance with the requirements of securities laws in effect in Canada,
which differ from the requirements of U.S. securities laws. Terms relating to mineral resources in this news release
are defined in accordance with NI 43 -101 under the guidelines set out in CIM Standards. The U.S. Securities and
Exchange Commission (the “SEC”) has adopted amendments effective February 25, 2019 (the “SEC Modernization
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Rules”) to its disclosure rules to modernize the mineral property disclosure requirements for issuers whose securities
are registered with the SEC under the U.S. Securities Exchange Act of 1934.
As a result of the adoption of the SEC Modernization Rules, the SEC will now recognize estimates of “measured
mineral resources”, “indicated mineral resources” and “inferred mineral resources”, which are defined in
substantially similar terms to the corresponding CIM Standards. In addition, the SEC has amended its definitions of
“proven mineral reserves” and “probable mineral reserves” to be substantially similar to the corresponding CIM
Standards.
U.S. investors are cautioned that while the foregoing terms are “substantially similar” to corresponding definitions
under the CIM Standards, there are differences in the definitions under the SEC Modernization Rules and the CIM
Standards. Accordingly, there is no assurance any mineral resources that World Copper may report as “measured
mineral resources”, “indicated mineral resources” and “inferred mineral resources” under NI 43- 101 would be the
same had World Copper prepared the resource estimates under the standards adopted under the SEC Modernization
Rules.
In accordance with Canadian securities laws, estimates of “inferred mineral resources” cannot form the basis of
feasibility or other economic studies, except in limited circumstances where permitted under NI 43-101.