The shares of Kutcho Copper Corp (OTCQX:KCCFF) closed up 21.84 percent on Tuesday at $0.7067, and have traded in a range between $0.6000 and $0.7067 during the session. A surge of 31.36% occurred in the stock price of KCCFF in the last month, with monthly average volume exceeding 24.52K shares.
KCCFF stock grew 181.22% in three months and average volumes were 23.54K. The KCCFF stock gained 362.67% in the last 12 months, reaching a high of $4.0900 and a market cap of $57.06M. KCCFF stock rose after the company released its feasibility study results.
Which KCCFF update has been provided?
Kutcho Copper is a Canadian mineral exploration and development company focused on building and expanding the Kutcho high grade copper-zinc project in northern British Columbia. Aiming to implement the Kutcho Project to the best of their ability through successful feasibility and permitting, KCCFF is committed to implementing social responsibility and environmental protection.
Yesterday, Kutcho Copper provided a final progress report on its feasibility study, which is being conducted by CSA Global Consultants Canada Ltd.; the study is estimated to be complete by November 2021. A completion date of approximately three weeks is anticipated for the feasibility study that has progressed rapidly in the past month.
KCCFF’s study will conclude a multi-year effort to rethink, redesign and optimize the Kutcho project to ensure a maximal economic return while respecting and protecting the environment where the project is to be developed. Finalizing the design of the infrastructure, as well as the cost estimation, is the final stage of the feasibility study. In the last 30 days, the following items have been completed:
- A production schedule that targets processing the highest quality material early in a mine’s life has been developed based on the open pit and underground mining plans.
- Comminution, ore sorting, and flotation circuits are being designed using a compact comminution system.
- Approximately 600 tpd of low-grade material can be pre-sorted and discarded using the ore sorting circuit integrated with the comminution circuit.
- By doing this, the flotation circuit will be reduced from a nominal 4,500 tonnes per day crushed to 3,900 tonnes per day crushed, while the metal recovery from sorting ore will remain at about 99%.
- In the tailings management facility, the contact water reservoir is fully-lined, so that no additional dam is needed for the handling of contact water.
- Prior to being discharged into the environment or recycled, all contact water will be treated.
- During the high-flow summer months, treated water will be discharged into Kutcho Creek under a water management plan.
- Integrated into the feasibility study construction schedule is the design and cost estimation for the mine site access road.
KCCFF moving forward:
As part of its progress toward showcasing the high-quality project to its stakeholders, Kutcho Copper (KCCFF) will showcase future benefits. A permit application and a production decision have been submitted for the Kutcho project by the KCCFF in consultation with the Tahltan and Kaska First Nations.