Northisle Copper and Gold CEO Sam Lee joined Steve Darling from Proactive to announce the results of a positive Preliminary Economic Assessment for the company’s North Island Project, highlighting strong economics from a two-phase development approach. The 2025 PEA outlines the staged development of the Northwest Expo and Red Dog deposits, followed by the Hushamu deposit alongside a plant expansion. Lee explained that the PEA considers processing 753 million tonnes of mineable material from three open-pit deposits over a 29-year mine life. Phase 1 targets a throughput of 40,000 tonnes per day, requiring an initial capital expenditure of approximately $1.1 billion. During this phase, production will include gold doré and gold-rich copper concentrate, with a rapid payback period of just 1.9 years and operating cash flows of approximately $400 million annually—enabling self-funding for Phase 2 construction beginning in year five. In Phase 2, the company plans to twin the mill, doubling throughput to 80,000 tpd by year six. This phase will focus on producing copper concentrate containing significant payable gold, additional gold doré, and molybdenum concentrate. The phased approach is designed to maximize cash flow and enhance long-term project viability. Looking beyond the PEA, Northisle sees significant exploration upside across its property. The company is fully funded for its 2025 exploration program, with a budget of $7 million focused on the Northwest Corridor. Exploration efforts will include testing for the causative intrusion at Northwest Expo, expanding the footprint of West Goodspeed both along strike and through fault offsets, and infill drilling to improve resource continuity. The discoveries within the Northwest Corridor have already contributed to improving overall resource grade and margin, with near-surface mineralization presenting an opportunity to further enhance the project’s economics. #proactiveinvestors #northislecopperandgoldinc #tsxv #ncx #mining #CopperGoldMining #MiningNews #PEA #BritishColumbia #GoldInvesting #CopperProjects #SamLee #ProactiveInvestors #ResourceExploration