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Arizona Sonoran Copper Company Corporate Update

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Wed, September 28, 2022 at 4:00 PMendedReplay
Arizona Sonoran Copper Company Corporate Update

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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...

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[Speaker identities could not be resolved; generic labels used] [00:08] Speaker 1: Hello everyone, welcome to Arizona-Sonoran [00:10] 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, [00:17] 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 [00:30] 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. [00:42] Speaker 2: Thank you, Cam. And thank you for the opportunity to speak here today. [00:46] Speaker 2: So it's Arizona Sonora Copper Company and the title of our presentation is Copper [00:53] Speaker 2: Invest in Sustainability. [00:56] 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. [01:05] Speaker 2: As far as the share capital structure is concerned, [01:09] Speaker 2: today, [01:10] Speaker 2: 89 million shares issued, [01:13] Speaker 2: fully diluted 99 million, and importantly, [01:16] Speaker 2: the company is debt-free [01:18] Speaker 2: and has a very clean [01:20] Speaker 2: balance sheet. [01:21] Speaker 2: Today, the company is sitting with 28 [01:24] Speaker 2: million [01:25] Speaker 2: U.S. Dollars in the bank and we're well funded through until the summer of 2023. [01:32] Speaker 2: We have 5 analysts actually covering the co...