World Copper Ltd. and CEO Provide Corporate Update
#1570 - 200 Burrard Street
Vancouver, BC, Canada, V6C 3L6
T: 604-638-3287 / F: 604-408-7499
www.worldcopperltd.com
NR24-10 July 24, 2024
World Copper Ltd. and CEO Provide Corporate Update
FOR IMMEDIATE RELEASE...Vancouver, British Columbia: World Copper Ltd. ("World Copper" or
the "Company"; TSXV: WCU, OTCQB: WCUFF, FSE:7LY0) is pleased to provide the following update
on corporate activities, as well as additional insights into the Company's operations over the past six months
from Gordon Neal, President, Director and CEO of World Copper.
World Copper appointed Gord Neal as its CEO a little over six months ago, and it would like to properly
introduce him and his work history to the Company's shareholders . Gord Neal originally began in the
resource sector in 2003 as the Vice P resident of Corporate Development for MAG Silver
(MAG:NYSE/MAG:TSX). He left MAG after ten years to join Silvercorp Metals (SVM:NYSE/
SVM:TSX) as Vice President of Corporate Development. Gord made the decision to join Silvercorp to
expand his knowledge of silver mining production, and i n 2017, he was appointed as President of New
Pacific Metals (NEWP:NYSE/NUAG:TSX). Gord worked in Bolivia with New Pacific Metals for seven
years and brought its Silver Sand project from discovery to a Preliminary Economic Assessment. Gord has
taken pride in his work and his association with the many companies he has had the opportunity to serve,
and he has been instrumental in creating significant corporate and shareholder value. All three of the
abovementioned companies reached billion-dollar market cap valuations under his watch, and his plan is to
produce similar results for World Copper.
Gord has been fortunate to have been handed stellar assets in the mining industry , including Juanicipio at
MAG, Ying Mine at Silvercorp and Silver Sand at New Pacific. Now , he has been gifted with the Zonia
copper project in Arizona.
It is well known that the world is in desperate need of more copper , primarily due to our need to mitigate
the effects of climate change. We will need to produce copper faster, more economically and as
environmentally friendly as possible. Oxide deposits like Zonia are the key to solving our burgeoning
copper deficit. World copper plans on advancing Zonia into production as quickly as possible. Below are
some salient points on why Zonia holds significant market value:
Project Highlights
1. Arizona is the largest copper producing jurisdiction in the United States and was ranked #7 in the
2023 Fraser Institute Annual Survey of Mining Companies for the Investment Attractiveness and
Policy Perception Indices;
2. Zonia's copper resources are located on private land, resulting in an easier and faster permitting
process than resources located on public land;
3. Active power lines and water wells on site;
4. The Zonia Project was previously operated as an open pit mine and as a past producer with a 1:1
strip ratio (which is considered in the industry to be very low and as such positively affects mine
economics);
5. 1-billion-pound copper resource (450.M lbs in M&I and 575.M lbs in Inferred);
World Copper Ltd. - 2 - July 24, 2024
NR24-10 Continued
#1570 - 200 Burrard Street
Vancouver, BC, Canada, V6C 3L6
T: 604-638-3287 / F: 604-408-7499
www.worldcopperltd.com
6. Lower environmental impact utilizing the SX-EW process (no tailings or smelting);
7. Production expected to be online in 3-4 years;
8. 50 to 70 million pounds of copper cathodes per year for 10 years;
9. Potential for pre -production revenue by utilizing approximately 14 million tons of previously
stockpiled mineralized material on leach pads; and
10. The Company believes it has the potential to triple the resource size of the Zonia project by exploring
its existing BLM land claims not included in the updated resource estimate.*
2024 Corporate Video and Introduction to the Zonia Mine
Click here to watch
Significant progress has been made in moving the Zonia Project down the path to bankable feasibility and
ultimately production. The Company expects to provide an update on progress at the Zonia Project via news
release in the near future.
Gord Neal commented: "I will close by thanking our shareholders for their support and encouragement. In
the resource sector we can only move forward with the support of our investors. I have always made myself
available to all investors and at all times. If you ever have a question or inquiry, please contact me by
phone or email at the information provided below."
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.
Detailed information is available at World Copper's website at https://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]
World Copper Ltd. - 3 - July 24, 2024
NR24-10 Continued
#1570 - 200 Burrard Street
Vancouver, BC, Canada, V6C 3L6
T: 604-638-3287 / F: 604-408-7499
www.worldcopperltd.com
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.
* U pdated 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, the ability of the Company to advance
the Zonia project and the anticipated business plans and timing of future activities of World Copper , are forward-
looking statements. Although the Company believ es 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. Forward-looking statements
involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance
or achievements of the Company 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, requirements for
additional capital, actual results of exploration activities, including on the Company's projects , the estimation or
realization of mineral rese rves and mineral resources, 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 (including TSX Venture Exchange acceptance), 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 the Company's business, financial condition and results of operations, changes in laws,
regulations and policies affecting mining operations, title disputes, the timing and possible outcome of any pending
litigation, environmental issues and liabilities, as well as the risk factors described in the Company's annual a nd
quarterly management's discussion and analysis and in other filings made by the Company with Canadian securities
regulatory authorities under the Company's profile at www.sedarplus.ca.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company 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.