White Pine North – Copperwood (Ag, Cu)

Royalty and terms:	3% sliding-scale net smelter return (NSR) Base rate 3% NSR and increases by 0.01% NSR for every $0.01 increase in the copper price above $3.00 per pound. Option to purchase a 100% silver NSR royalty for future cash consideration of US$26 million on White Pine North and Copperwood projects
Operator:	Highland Copper Visit Highland Copper for more info
Primary Commodity:	Silver (Ag), Copper (Cu)
Location:	Michigan, USA
Reserves and resources:	Copperwood Project Proven and Probable Reserves of 801.8 M lbs of copper and 3.1 M oz of silver (25.4 M tonnes grading 1.43% Cu and 3.83 g/t Ag) Infered resources of 1.3 B lbs of copper and 5.5 M oz of silver (49.9 M tonnes grading 1.15 % Cu and 3.42 g/t Ag) – using a 1% Cu cut-off
Status:	Initial copper production expected in early 2021