Business
Arizona Sonoran Copper Updates on Company Activities and Announces the Appointment of Steve Dixon, Chief Metallurgist
CASA GRANDE, Ariz. & TORONTO / Sep 06, 2023 / Business Wire / Arizona Sonoran Copper Company Inc. (TSX:ASCU) (“ASCU” or the “Company”), an emerging US-based cop
About this update from Arizona Sonoran Copper Co., Inc.
[{"type":"text","content":"CASA GRANDE, Ariz. & TORONTO / Sep 06, 2023 / Business Wire / Arizona Sonoran Copper Company Inc. (TSX:ASCU) (“ASCU” or the “Company”), an emerging US-based copper developer and near-term producer, today updates on exploration and development activities at the Cactus Mine Project, inclusive of the Parks/Salyer deposit. All activities are focused on de-risking its high-quality asset in a tier one location, in preparation for the pending step-up Pre-Feasibility Study (“PFS”) expected in Q1 2024. Furthermore, the owner-operator team continues to strengthen with the appointment of Mr. Steve Dixon, M.Sc.; Chief Metallurgist. He will be managing the metallurgical programs in preparation for the base case PFS and Definitive Feasibility Study (“DFS”). Highlights include: - On track and on budget to deliver a PFS in Q1 2024 Targeting step up from the Preliminary Economic Assessment’s (“PEA”) 28ktpa to 45-50ktpa and to a mine life well-beyond the 18 years previously outlined PFS scope includes the enriched and oxide material, or approximately 75% of the total mineral resources (based on the 2022 mineral resource update – Sept 28, 2022) - Building owner-operator team Bernie Loyer, SVP Projects and Christopher White, Chief Mine Geologist (June 2023) Steve Dixon, Chief Metallurgist (July 2023) - Anticipating high conversion of the 2.9B lb @ 1.015% TCu Parks/Salyer mineral resource estimate into the indicated category from the inferred category Infill to indicated category drilling complete Infill to measured category drilling is ongoing for a DFS expected in H2 2024 - 2 years of positive metallurgical results now in hand for oxides and enriched material Parks/Salyer enriched material shows comparable recovery rates to Cactus (76% and higher) with potentially shorter leach periods 90% recovery rates for oxides in the Cactus deposits and the Stockpile Project DFS level metallurgical studies ongoing - Completed all major Cactus permits based on the 2021 PEA Amendments will be made to accommodate the larger operation, post-PFS - Increased land to 5,368 acres by optioning the MainSpring Property, extending south from Parks/Salyer Improves planning flexibility for the pending PFS Creates additional exploration target - Nuton testwork continues to deliver positive results, providing optionality to scale the asset beyond the oxide and enriched b...