Northisle Copper & Gold - North Island Project Update: PEA Released, 2025 Exploration And Growth Plans
Sam Lee, President and CEO of Northisle Copper & Gold (TSX.V:NCX) joins me to discuss the recently updated Preliminary Economic Assessment (PEA) for the North Island Project, on Vancouver Island, B.C., highlighting key financial metrics including a C$2 billion after-tax net present value (NPV) at a 7% discount rate and an after-tax internal rate of return (IRR) of 29%, at base case metals prices of Copper $4.20 and gold $2,150.
The discussion delves into the two Phase project execution, breaking down initial capital requirements pegged at approximately US$850 million for Phase 1, which results in a payback period of 1.9 years. Sam also touches upon projected cash flows, with Phase 1 expected to generate around US$300 million annually, and Phase 2 about US$200 million. Additionally, he elaborates on the significance of the project's location and existing infrastructure, which drastically lower overall costs.
For this year’s exploration, key targets, including the West Goodspeed discovery from last year and the Pemberton Hills area. Sam emphasizes the need for a systematic approach to marketing efforts to bridge the gap between intrinsic and market valuation.
Please email me any follow up questions for the team at Northisle. My email address is Fleck@kereport.com.
