Why it's so hard to get backing for copper projects - Inflection Resources' Alastair Waddell

Copper projects pose substantial hurdles for development, said Alistair Waddell, president and CEO of Inflection Resources. In early May Waddell spoke to Kitco Mining at Deutsche Goldmesse in Frankfurt, Germany. Inflection Resources (CSE:AUCU) is a copper and gold company focused on eastern Australia. It is exploring Macquarie Arc in New South Wales. The company also has an Anglogold Ashanti partnership. Waddell said spurring copper project development is challenging. There's a lack of funding for copper exploration because it can be expensive, time-consuming and requires large land positions in sometimes challenging jurisdictions, noted Waddell. Exploring for porphyries requires a lot of time, money, and drilling which can be difficult for junior mining companies.Higher copper prices are starting spur companies. Interest in the sector is even coming from traditionally gold-focused companies.Coverage of Deutsche Goldmesse is sponsored by Dynacor. Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.