Meeting Overview The meeting focused on the latest developments and resource updates from Arizona-Sonora Copper Company. Key highlights included a significant increase in the inferred resource at the Park Salier property and updates on permitting processes for the Cactus project. Key Discussion Points - Introduction of speakers: George Ogilvie (President, CEO), Ian McMullen (COO), and Anthony Botrill (Resource Geologist). - Overview of the company's share capital structure and financial status, including being debt-free and having $28 million in the bank. - Announcement of a large resource update from Park Salier, increasing the global resource to 6.5 billion pounds of copper. - Discussion of the project's location and community support, emphasizing its strategic advantages. - Update on permitting processes, including a delay in the pre-feasibility study and plans to submit industrial and mine land reclamation permits by year-end. - Insights into the mineral resource's thickness and...
President, CEO & Director at Arizona Sonoran Copper Company
George Ogilvie, has over 32 years of management, operating and technical experience in the mining industry. Mr. Ogilvie was until most recently the President & CEO of Battle North, a position he was appointed to, in 2016 whilst the company was under financial insolvency & restructuring proceedings. During his 5 year tenure at Battle North, Mr. Ogilvie and his team successfully completed a turnaround of the company resulting in an increase in the resource base from 400 k ounces Au to approximately 1.3 million oz Au, completion of a positive bulk mining reconciliation program resulting in de-risking of the project, delivery of a preliminary economic assessment and follow on feasibility study in relation to the project with a post-tax IRR of 50% and completion debt and equity financing of over C$100m associated with project construction. Battle North was acquired by Evolution Mining Limited in May 2021 at a 45% premium to the prevailing spot price. Prior to this, Mr. Ogilvie was the CEO of Kirkland Lake Gold Inc. where he and his team implemented a turnaround strategy which included, amongst other items, improving operations at the Macassa Mine and the acquisition of St. Andrew Goldfields, resulting in significant returns for shareholders. Previously, Mr. Ogilvie was the CEO of Rambler Metals and Mining PLC, where he and his team guided the evolution of the company from grassroots exploration to a profitable junior producer. Mr. Ogilvie began his mining career in 1989 with AngloGold in South Africa and he subsequently held other roles at the Ruttan Mine in Northern Manitoba for HudBay Minerals Inc., the McCreedy West Mine and also as Area Manager for Dynatec Corporation. Currently, Mr. Ogilvie also serves on the board of Rupert Resources Ltd.
Mr. Ogilvie received his B.Sc. (Hons.) in Mining and Petroleum Engineering from Strathclyde University in Glasgow, Scotland. He is a Professional Engineer and also holds his Mine Managers Certificate (South Africa).
Resource Geologist at Arizona Sonoran Copper Company
Anthony is a Consulting Resource Geologist with over 22 years of experience in the mining industry
and expertise across numerous countries and a range of commodities: from low tonnage high
grade precious metals to bulk tonnage base metals. He provides resource modeling and technical
services consulting skills for underground and open pit projects, from exploration and development
through to production.
Anthony was previously the Corporate Mineral Resource Manager for Klondex Mines Limited and
has worked for various mining companies including BHP Billiton and Newmont.
Anthony is the Principal Resource Geologist for InterGEO Resource Consulting based in Brisbane
Australia, He has a bachelor’s degree in Geology with Honours in Structural Geology from the
University of Adelaide and is a member of the Australian Institute of Mining and Metallurgy
(AusIMM).
Replay transcript excerpt
Speaker 1: Hello everyone, welcome to Arizona-Sonoran Speaker 1: Copper Company's live summit today, hosted by 6. I'm pleased to introduce our speakers for today, President, CEO, and Director, George Ogilvie, Speaker 1: their COO, Ian McMullen, as well as their Resource Geologist Anthony Botrill. The team is going to walk us through their latest news and after we'll be accepting questions live. So as a reminder, you can submit your questions using the right-hand tab Q&A Speaker 1: found on your screen at any time during today's presentation. And as always, this event is being recorded and it's going to be available on six.com afterwards. So for you, George, I want to pass things over to you to get us started. Speaker 2: Thank you, Cam. And thank you for the opportunity to speak here today. Speaker 2: So it's Arizona Sonora Copper Company and the title of our presentation is Copper Speaker 2: Invest in Sustainability. Speaker 2: Obviously we have some forward-looking statements and this presentation will be on our company website so I'll draw your attention to the cautionary language. Speaker 2: As far as the share capital structure is concerned, Speaker 2: today, Speaker 2: 89 million shares issued, Speaker 2: fully diluted 99 million, and importantly, Speaker 2: the company is debt-free Speaker 2: and has a very clean Speaker 2: balance sheet. Speaker 2: Today, the company is sitting with 28 Speaker 2: million Speaker 2: U.S. Dollars in the bank and we're well funded through until the summer of 2023. Speaker 2: We have 5 analysts actually covering the company with the target price of 2 dollars 75 Speaker 2: up to 4 dollars Canadian Speaker 2: with a consensus price around 3 dollars and 7 cents. And of course we've been on the show before and everybody is very well a...
