#Canada #Vancouver #Alaska #Trilogy Metals #Bornite Project

Trilogy Metals Submits Technical Report for Bornite Project

In recent news from Trilogy Metals Inc., the company has filed a National Instrument 43-101 technical report regarding the Bornite Project. The filing is part of their ongoing efforts to evaluate the economic viability of this significant copper project located in the Ambler Mining District of Northwestern Alaska. The report was officially filed on February 13, 2025, with an effective date of January 15, 2025.

Overview of the Bornite Project

The Bornite Project is held by Ambler Metals LLC, a joint venture equally owned by Trilogy Metals and South32 Limited. The Preliminary Economic Assessment (PEA) for the project provides invaluable insights into the copper resource that could further enhance North America's competitive edge in metal production.
This report, titled "NI 43-101 Technical Report on the Preliminary Economic Assessment of the Bornite Project, Northwest Alaska, USA", marks a significant step forward in the project’s development. As per industry standards, the results of the PEA were initially reported on January 15, 2025, and no significant variations have been noted between the report and previous disclosures.

The PEA was conducted by a team of independent consultants, including Wood Canada Limited, Ausenco Engineering Canada ULC, SRK Consulting (Canada) Inc., International Metallurgical and Environmental Inc., and Core Geoscience LLC. These firms played a crucial role in the rigorous review and assessment of the project, ensuring compliance with the NI 43-101 standards, which set out a framework for the disclosure of mineral projects.

Economic Potential and Technical Assessment

The Bornite Project is situated within a mineral-rich district known for its high-grade copper and cobalt mineralization. The PEA concluded that the potential for development is promising, but it is notable that South32 and Ambler Metals have not yet reviewed the findings of this assessment. The outcomes of the PEA indicate that Trilogy owns a 50% interest in the project, suggesting a significant opportunity to enhance their share in the copper market.

Richard Gosse, Vice President of Exploration for Trilogy Metals and a Qualified Person as defined by NI 43-101, has thoroughly reviewed the scientific and technical aspects of the report. The company aims to leverage this technical insight to advance the exploration and development of the Ambler Mining District.

Future Expectations and Community Engagement

In their pursuit to establish the Ambler Mining District as a premier North American copper producer, Trilogy Metals remains committed to engaging with local communities and stakeholders. They have a strategic agreement with the NANA Regional Corporation, Inc., which facilitates collaboration with regional entities to ensure that the exploration and development are conducted with respect for local customs and subsistence livelihoods.

The mining district, renowned for its polymetallic volcanogenic massive sulfide (VMS) deposits, is considered one of the world’s most promising copper-rich areas. The exploration focus is currently on two main deposits: the Arctic VMS deposit and the Bornite carbonate replacement deposit. Together, these areas encompass a vast land package held by Ambler Metals, illustrating the potential for significant mineral discoveries.

Cautionary Note

It is essential to recognize that the information released includes forward-looking statements, subject to various risks and uncertainties that could cause actual results to differ from expectations. Trilogy Metals will ensure that any changes or updates to these forward-looking statements are communicated properly, fulfilling their regulatory obligations.

Trilogy Metals Inc. continues to build its reputation as a critical player in the copper exploration and production sector, positioning itself for future growth and success in the rapidly evolving mining industry.