Sponsored Content - Trilogy Metals Inc. is dedicated to advancing exploration and development at the Upper Kobuk Mineral Projects (“UKMP”), high-grade copper-zinc-lead-gold-silver-cobalt properties in Northwest Alaska.

  • High-grade resources of copper with zinc and precious metals in the stable mining jurisdiction of Alaska
  • Significant exploration upside as company embarks on drill program this year

Trilogy is uniquely positioned to offer investors exposure to rising copper, zinc, gold, silver, and cobalt demand to support the green economies of the future, with additional upside from exploration success and resource expansion, as we determine the extent of the mineralization at the UKMP.

On February 11, 2020, we announced the completion of a joint venture with South32 Ltd. in which Trilogy contributed all of our assets associated with the UKMP (including the Arctic and Bornite projects), while South32 contributed US$145 million, resulting in each party owning a 50% interest in Ambler Metals. The funds will be used to advance the Arctic and Bornite projects, along with exploration in the Ambler mining district.

On August 20, 2020, we announced the feasibility study results for the Arctic project which is estimated to have an after-tax NPV8% of $1.1 billion and an IRR of 27% producing approximately 155 million pounds of payable copper at a cash cost (including by-product credits) of $0.32 per pound.

The Bornite project is a carbonate hosted copper-cobalt deposit located approximately 25 kilometers southwest of the Arctic project. Current activities are focused on exploration, with mineralization remaining open to the north, northeast and south. Bornite contains approximately 6.4 billion pounds of copper and 77 million pounds of cobalt.

Last November, the Ambler Metals joint venture unveiled a US$27 million 2021 work budget to carry out further engineering work, infill drilling and metallurgical work at Arctic and prepare the project for permitting, which is expected to commence in the middle of 2021. Also, a significant amount of this budget, comprising approximately 7,000 meters, is allocated for regional exploration within the Ambler volcanogenic massive sulphide belt. The exploration campaign is targeting the discovery of additional deposits that may provide additional feed to a future Arctic mill, and is expected to commence in early summer and finish before the end of September. The drilling may be preceded by detailed geologic mapping, geochemical soil sampling and ground geophysics.


Our team has been working in the Ambler mining district since 2004 and is equally passionate about building relationships through trust and mutual respect in the region. A long-term cooperative agreement with NANA Regional Corporation Inc., signed in 2011, consolidates land holdings into an approximately 427,690-acre land package and provides a framework for exploration and development of this high-grade, polymetallic belt.