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Breaking News: (OTC: HIRU) Believes Flagship Project Will Benefit From Long-term Copper Demand
October 17th
Greetings Readers,
Hiru Corporation (OTC: HIRU) just made a major announcement regarding marketing and marketing feasibility at their flagship project.
Take a look:
HIRU Corporation (HIRU) Announces Market and Marketing Feasibility for Balfour Project
Toronto, Ontario--(Newsfile Corp. - October 17, 2024) - HIRU Corporation (OTC Pink: HIRU) is pleased to provide shareholders and stakeholders with a market and marketing feasibility update for the Balfour Copper Project in Tasmania, Australia. As global demand for copper continues to rise, the Balfour Project is ideally positioned to capitalize on the ongoing copper super cycle, driven by transformative global trends.
Market Overview
The Balfour Project is set to benefit from the significant, long-term global demand for copper, fueled by the rapid expansion of renewable energy infrastructure, the electric vehicle (EV) revolution, and the worldwide shift away from centralized manufacturing in China. These factors are expected to result in a sustained increase in copper prices, with industry analysts forecasting prices above USD $40k per tonne in the coming years.
With its scalable resource base, the Balfour Project is well-placed to become a major copper supplier, potentially extending its operations far beyond the initial 10-year production plan outlined in earlier studies. As the world looks for reliable and sustainable copper sources, the Balfour Project can play a key role in meeting global demand for decades to come.
Strategic Positioning
During its early-stage development, the Balfour Project is expected to produce 50,000 tonnes of copper concentrate annually. This positions the project as a significant player in the copper market. As operations expand in future phases, the project's output will grow, further enhancing its role in the global copper supply chain.
Hiru Corporation's strategic marketing efforts will focus on positioning the Balfour Project as a critical and scalable copper supplier, appealing to in-vest-ors and industry partners seeking long-term, sustainable sources of this vital metal. Independent reports adhering to international standards such as VALMIN, ITAR, and Ni43-101 confirm the in-vestment-grade quality of the project, ...
Sustainability Focus
In addition to its strong market fundamentals, the Balfour Project adheres to Australia's stringent environmental, social, and governance (ESG) standards. ...
Looking Forward
With scalability, sustainability, and long-term potential, the Balfour Project is well-positioned to secure its place as a key player in the copper market. ...
More news will follow in a timely manner.
Read the full article here.
Now that that is out of way, take a look at a trimmed down version of my initial Hiru Corporation (OTC: HIRU) report below and consider this copper miner for your watch-list.
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*Hiru Corporation (OTC: HIRU)*
The Hiru Corporation is a mining company headquartered in Toronto, Canada, with a focus on copper and other essential metals.
The company's flagship operation, the Balfour Project, is located in north-western Tasmania, Australia.
Committed to ethical mining practices, Hiru is actively exploring new opp's in resource-rich regions across the globe.
Hiru's Flagship Operation - The Balfour Copper Mine
The Balfour Project is located in a remote but resource-rich area of north-western Tasmania, Australia.
Although the settlement of Balfour, once a thriving mining community, is now nearly abandoned with a population of only around ten, the surrounding area holds immense potential for resource extraction.
The Balfour Project spans five exploration licences and one mining lease, covering over 70 kilometres of mineral-rich terrain.
This includes over 25 kilometres of strike containing numerous documented mineral occurrences, including copper, tin, gold, and other valuable metals.
The project's proximity to major towns like Burnie and Devonport ensures easy access to key infrastructure, including scheduled flights to mainland Australia.
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