Imperial Metals: Mount Polley Mine Update - Strong Performance and Exploration Success

Imperial Metals Corporation (TSX:III) has released an update on its Mount Polley mine, highlighting the mine's strong performance in 2024 and the success of its exploration efforts. The mine met its production targets for both copper and gold, with 35.7 million pounds of copper and 39,108 ounces of gold produced. This update demonstrates Imperial's operational efficiency and commitment to maximizing shareholder value.



Mount Polley Mine Production
The mine's fourth-quarter production was robust, with 1,660,937 tonnes of ore treated, an increase of 6% compared to the same period in 2023. Copper production was up 11% to 9.242 million pounds, while gold production was down 7.6% to 9,564 ounces. The mine's strong performance can be attributed to improved plant availability, increased mill throughput, and the removal of tailings from the Springer Pit.

Mount Polley Mine Exploration
Imperial's Phase 2 exploration program at Mount Polley focused on near-pit drilling and testing high-priority targets outside the active pit area. The highlight of this campaign was hole C2-24-115, which intersected 127.5 metres grading 0.72% copper and 1.43 g/t gold, starting from 302.5 metres. This discovery opens up the possibility of underground mining in the C2 Zone and could lead to an expansion of the small C2 pit design.

Imperial's exploration efforts also identified new targets, such as the Gatehouse Zone and the Wishbone Zone, which could further enhance the mine's long-term prospects. The discovery of high-grade copper and gold mineralization in the C2 Zone, along with the exploration of new targets, positions Imperial well for future growth and profitability.

In conclusion, Imperial Metals Corporation's Mount Polley mine update demonstrates the company's operational strength and commitment to exploration. The mine's strong performance and the success of its exploration efforts position Imperial well for future growth and profitability. Investors should closely monitor Imperial's progress as the company continues to execute on its strategic goals and create value for shareholders.