Arizona Sonoran Copper Cactus Project Standalone PEA Technical Report Reporting Post-Tax NPV8 of US$2.03 Billion and IRR of 24% is now Filed

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[{"type":"text","content":"CASA GRANDE, Ariz. & TORONTO / Aug 27, 2024 / Business Wire / Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) today reports that, further to the press release dated AUG 7, 2024, announcing the Cactus Project NI 43-101 Preliminary Economic Assessment (“PEA”), the technical report in respect of the PEA is now filed on SEDAR+ (www.sedarplus.ca) under the Company's issuer profile and is also available on the company website (www.arizonasonoran.com). The Cactus PEA envisages an average 86k short ton (172 million pound) per annum open pit copper heap leaching operation over a 31-year mine life (“LoM”). In total, 5.3 billion lbs or 2.7 million short tons of LME Grade A Copper Cathodes is detailed for production directly onsite via solvent extraction and electrowinning (“SXEW”) hydrometallurgical processing. The PEA supersedes the previously released Pre-Feasibility Study (“PFS”) in all respects. All dollar amounts referenced herein in US dollars, and all references to tons are imperial or short tons, unless otherwise noted; 1 short ton equals approximately 0.91 metric tonnes. Highlights from the PEA: Key Performance Indicators at $3.90/lb Copper $2,032 million Net Present Value (“NPV”) (8% discount, after-tax) 24% Internal rate of return (“IRR”, after-tax) 4.9 years Payback Period $668 million development capital including contingency Life of Mine (“LoM”) Gross Revenue of $20.8 billion LoM Free Cash Flow (“FCF”) of $7,295 million (unlevered) Cash costs (C1) of $1.82 and All in Sustaining Costs (“AISC”) of $2.00 per pound of copper Financial and operational executability now through transition to Open Pit operation 94% material from open pit mining (Cactus West and Parks/Salyer), 6% from the Stockpile and Cactus East underground 232 million pounds (“lbs”) (116,052 short tons (“st”)) average annual copper cathode production over the first 20 years of operation and a total of 5,339 million lbs (2,669,342 st) of copper cathode produced over the 31-year operating mine life Cactus Project is well positioned to add value in a variety of copper price environments The PEA is preliminary in nature, and it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. Th...

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