Trilogy Metals is cashed up and ready to go in Alaska

摘要

South32 (LON: S32) has the next 11 months to decide whether it wants to write a US$150-million cheque for a 50% stake in Trilogy Metals' (TSX: TMQ; NYSE-AM: TMQ) two base metal deposits in Alaska - Arctic and Bornite. To keep that option, the mining and metals giant has been required since 2017 to spend US$10 million a year on exploration at Bornite, which has an inferred resource of 5.45 billion lb. copper contained within 141.9 million tonnes grading 1.74% copper, and another 77 million lb.