07:38 AM EDT, 03/25/2025 (MT Newswires) -- NorthWest Copper ( NWCCF ) on Tuesday said it started the process to execute on its plan to improve the value of the existing Preliminary Economic Assessment (PEA) on the 100%-owned Kwanika-Stardust project.

The company plans to enhance the value of the PEA at Kwanika-Stardust in 2025 through a phased development approach by targeting higher grade sub-domains within the current mineralization at Kwanika, targeting near surface drill-ready exploration opportunities proximal to the existing Kwanika mineral resource, and considering a hub and spoke development scenario for additional mineral resources, including the Kwanika South and Lorraine mineral resources.

"Combining this new approach at Kwanika with the Stardust project, it has the potential to enhance the economics of the current PEA with higher-grades, and lower capital costs during the initial phase of development" said NWST Chief Executive Paul Olmsted.

Olmsted added that the company believes updating the PEA is "warranted and likely to yield significantly improved economics," given the noticeable increase of copper and gold prices used for estimating Mineral Resources in the PEA.