Copper is calling Vale Base Metals to put more effort into the exploration drill bit.
In what chief technical officer Chris McCleave termed a “transformational year in 2025,” the London, UK-based global miner reported this week that it’s increased its copper reserves and resources by six per cent — 53 million tonnes — over the previous year from its mines in Canada and Brazil.
Vale Base Metals posted its assessment and exploration reports for 2025 on March 30 and unveiled this year’s plans to boosts its mineral reserves and resources, including in the Sudbury basin.
In a news release, McCleave said their “bold plan for the future” is to push the pace of exploration across its many mining camps with a heightened focus on proving up more copper.
In the Carajás District of Brazil, one of the best copper camps in the world, Vale has more than 120,000 metres of drilling on tap for this year, double what was drilled last year.
Vale Base Metals (VBM) said it’s confident it can increase its total mineral reserves and resources in Canada and Brazil by more than 20 per cent by late 2027.
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