West Cork Copper Project (Ireland)
In 2016, Altius' 80% owned Irish division (Adventus Exploration) established an exclusivity arrangement with First Quantum regarding exploration and assessment of the West Cork Copper Project in Ireland. FQM undertook a comprehensive due diligence programme to establish if the PROJECT had potential for large scale copper deposits and is amenable to broad scale exploration techniques. Following the assessment FQM decided to move forward with a formal option agreement paying Adventus $25,000 for the option and agreement to expend $250,000 in exploration works in 2017. Should the 2017 exploration campaign prove successful FQM will have the option to execute a more substantial earn in joint venture in 2018.