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Arizona Sonoran Copper Provides 2024 Recap and 2025 Work Plan
CASA GRANDE, Ariz. & TORONTO / Feb 04, 2025 / Business Wire / Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”), an emergin
About this update from Arizona Sonoran Copper Co., Inc.
[{"type":"text","content":"CASA GRANDE, Ariz. & TORONTO / Feb 04, 2025 / Business Wire / Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”), an emerging U.S. copper developer, is pleased to highlight the significant progress made at the Cactus Project in 2024, and outline its fully-funded strategic goals for 2025. ASCU is committed to advancing its brownfield Cactus Project through technical studies, building upon the positive updated 2024 Preliminary Economic Assessment (“2024 PEA”) issued this past August. The 2024 PEA highlighted a compelling 31-year open pit, heap leach and solvent extraction and electrowinning (“SXEW”) operation in Arizona. Upcoming studies, including the Pre-Feasibility Study (“2025 PFS”) already in progress and the planned follow-on Definitive Feasibility Study (“DFS”), will focus on optimizing asset-level operations to enhance value while driving key project-level milestones. Key 2024 and 2025 YTD Achievements 1. No lost time incidents 2. Financial strength and support by sponsors, having raised c. $59.2 million CAD financing in October and November 2024, and January 2025 C$34.5M (October) bought deal financing (see PR dated OCT 9, 2024) C$3.1M (November) private placement (see PR dated NOV 13, 2024) C$21.6M (January) private placement (see PR dated JAN 31, 2025) 3. Successful updated Preliminary Economic Assessment at Cactus (2024 PEA), with an average cathode production of 116k short tons per annum over the first 20 years of a 31-year mine life (see PR dated AUG 7, 2024 | 2024 PEA Technical Report) After-tax project economics at US$3.90/lb Copper: Net Present Value (8%) of US$2.03 billion IRR of 24% Initial Capex of US$668M over a two-year construction period Free Cash Flow (unlevered) of US$7.3 billion US$1.88/lb C1 cash cost and US$2.00/lb all in sustaining cost As highlighted by the 2024 PEA, Cactus Project is well positioned to add value in a variety of copper price environments Revenue, NPV and IRR Sensitivity Based on Copper Price Metal Price Copper Price Revenue (US$000) NPV, before tax @ 8% (US$000) NPV, after tax @ 8% (US$000) IRR after Tax Base Case $3.90 $20,820,863 $2,769,280 $2,031,671 24% 20% $4.68 $24,985,035 $4,237,162 $3,196,838 32% 10% $4.29 $22,902,949 $3,503,221 $2,612,817 28% -10% $3.51 $18,738,777 $2,035,338 $1,450,505 20% -20% $3.12 $16,656,690 $1,301,397 $861,488 16...