Developing Mining Potentialin the USA
Duluth Metals Limited (TSX:DM, DM.U in $US)
is a Canadian company focused on developing the Twin Metals Minnesota copper-nickel-cobalt-platinum-palladium-gold-silver Project and is exploring for similar deposits in North-eastern Minnesota, USA.
The Company has a joint venture on the proposed underground Twin Metals Minnesota (TMM) mining development project with Antofagasta plc under the joint venture company Twin Metals Minnesota LLC, which is 60% owned by Duluth and 40% by Antofagasta. The TMM Project is located within the rapidly emerging Duluth Complex mining camp in northeastern Minnesota.
The Twin Metals Minnesota Project is amongst the world's largest Cu-Ni-PGM polymetallic sulphide deposits with contained metals (using a 0.3% Cu cut-off) of Indicated 13.6 billion lbs copper, 4.4 billion lbs nickel, and 21.4 million ozs ozs palladium+platinum+gold (TPM) and Inferred 11.9 billion lbs copper, 4.1 billion lbs nickel, and 12.8 million ozs TPM.
Aside from the joint venture, Duluth Metals retains a 100% position on approximately 40,000 acres of mineral interests on exploration properties adjacent to and nearby the Twin Metals Minnesota LLC joint venture.
The Company is managed by a select group of dedicated professionals with extensive combined experience in underground operations, mine planning and development, base and precious metal exploration as well as business management and finance.