Faraday Copper (TSX:FDY) has secured approval for exploration plans for its Copper Creek Project in Arizona by the Bureau of Land Management, US.
The exploration plan of operations, which will begin this quarter, includes up to 67 drill pads located on federal land.
Of the 67 drill pads, 48 will be in or near the American Eagle area and the southern portion of the Mammoth resource area.
Ten pads will be in or near other existing resource areas, and nine drill pads will enable reconnaissance drilling on previously untested targets.
Faraday says it remains on track to deliver an updated resource estimate and preliminary economic assessment during Q3 2025. The updated resource will include 40,000m of incremental drilling completed during the second and third phases of drilling.
CEO Paul Harbidge says this approval enables the drilling of numerous untested breccias within the American Eagle area.
“In addition, the approval enables drilling of entirely new and untested targets, as well as further infill and stepout opportunities at existing resource areas,” Harbidge says.
The Copper Creek Project is a 3km-long porphyry deposit located in Pinal County, Arizona.
Faraday Copper is an explorer and developer focused on critical minerals that are fundamental to the future of global society and its critical connection to the clean energy future.
During Q2 2025, mergers and acquisitions shaped the copper landscape, headlined by cash deals being done at high premiums, signalling the growing concerts over the depth of the future copper deficit.
According to Trading Economics, copper futures held above US$ per pound on 2 July, hovering near three-month highs amid mounting concerns over global supply shortages.
As of 3 July 2025, copper futures sat at US$5.13 per pound.
Write to Aaliyah Rogan at Mining.com.au
Images: Faraday Copper
