Highland Copper Company Inc. is a Canadian copper development company focused on advancing sediment-hosted copper projects in the Copper Range District of the Upper Peninsula of Michigan, U.S.A. The Copper Range district is well known for hosting significant concentrations of copper and silver in numerous deposits. During its productive period, from 1845 to 1995, the area produced in excess of 15 billion pounds of copper.
Highland's flagship project is the 100%-owned Copperwood Project for which Highland has completed a feasibility study reporting Proven and Probable Reserves of 25.4 M tonnes @ 1.43% Cu and 3.83 g/t Ag, containing 801.8 M lbs of copper and 3.1 M oz of silver, an IRR of 18% after tax, Capital Cost of $275 M and an average payable copper production of 61.7 M Lbs per year.
Highland has also acquired the right to acquire to the White Pine Copper Project (subject to closing) and has an option to acquire a 65% interest in the Keweenaw Project.
More recently, Highland acquired from subsidiaries of Rio Tinto mineral properties covering approximately 448,000 acres in the Upper Peninsula of the State of Michigan (the “UPX Properties”). The land package, which for many of the targeted commodities is under-explored, covers the extension into Michigan of the Wawa-Abitibi geological Subprovince, which is part of the Superior Province of the Canadian Shield. The Superior Province is a geologically distinct Archean (>2.5 billion years old) province that is well known for its mineral endowment. The acquisition of the UPX Properties establishes Highland as a dominant mining exploration and development company in the Upper Peninsula of Michigan and offers the opportunity to build a pipeline of projects that could be developed in the future.