sur Grande Portage Resources Limited (CVE:GPG)
Grande Portage Resources Explores Offsite Processing for New Amalga Gold Project
Grande Portage Resources Ltd. has announced progress in its offtake studies for the New Amalga Gold project in Southeast Alaska. The company's development plan includes an underground mining operation with offsite processing, foregoing an onsite mill and tailings storage. This strategy reduces environmental impact and capital costs.
Recent studies show that the New Amalga material is suitable for various global processors, including copper smelters, due to its high silica content. Geopolitical risks are mitigated with potential off-takers outside China showing interest.
The global copper concentrate market's undersupply boosts demand for alternative feedstocks like New Amalga's gold-bearing material. The preliminary economic assessment offtake opportunities is expected in early 2026.
R. E.
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