Interview with Ernest Mast, President & CEO of Doré Copper Mining Corp.

Our previous interview: https://www.cruxinvestor.com/posts/dore-copper-mining-dcmc-near-term-copper-producer-1702

Recording date: 13th December 2023

Restarting Copper Production in Quebec: Dore's Low-Risk Strategy

Doré Copper Mining, led by mining industry veteran Ernest Mast, is working to restart the formerly producing Corner Bay copper mine in Quebec's Chibougamau district. Utilizing a "hub and spoke" approach, the company plans to truck copper and gold ore from multiple deposits to its centralized Corner Bay mill site which has nameplate capacity of 2,700 tonnes per day.

Leveraging approximately $100 million in existing infrastructure, Doré aims to fast-track production at a fraction of the cost of building a new mine. An updated preliminary economic assessment outlined a 10-year mine life at Corner Bay alone, producing 30 million pounds of copper per year at all-in sustaining costs potentially under $2.25 per pound.

While copper prices have pulled back from record highs this year, Doré's base case economics remain strong. Significant optimization potential exists through the addition of sorting technology and further exploration upside. Recent drilling intercepted high-grade gold mineralization outside current resource pit shells.

Seeking to avoid dilutive financing amid volatile markets, Doré is pursuing government funding earmarked for critical minerals projects. The company is also engaged with potential partners including downstream copper concentrate buyers and strategic investors.

With permits in place and extensive infrastructure already built, Doré Copper offers a low-risk path to copper production in a top mining jurisdiction. Near-term share price catalysts include an updated economic study, exploration success, project financing, and strategic partnerships.

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View Doré Copper Mining's company profile: https://www.cruxinvestor.com/companies/dor-copper-mining

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