Arizona Sonoran Cactus PFS Presentation: Advancing Cactus, a Long-Life, Low-Cost Copper Project in Arizona

ASCU management team discusses its recently issued Pre-feasibility Study for the Cactus Project. The PFS outlines a long-life, economically viable copper conventional operation utilizing open pit mining and heap leach-SXEW processing to produce LME Grade A copper cathode onsite for a meaningful contribution to refined copper supply in the USA. Using conventional mining methods, the PFS estimates the production of approximately 103,000 tonnes (226 million lbs) of average annual copper cathodes over the first 10 years of mining, which would make Cactus the third largest cathode producer in the USA at an industry-leading capital intensity of $10,894 per tonne of copper cathodes produced.