ASCU: 2022 Work Plan and Upcoming Catalysts Discussed
Join us for a great event!
Tue, January 11, 2022 at 2:00 PMendedReplay
Investor webinar replay
Meeting Overview The meeting was a live summit hosted by Arizona Sonoran Copper Company, featuring presentations from key executives including the President, CEO, and CFO. The primary focus was on the company's copper mining project, its sustainability initiatives, and upcoming developments in exploration and financing. Key Discussion Points - Introduction of the executive team and overview of the company. - Presentation of the copper mining project, including current resources and production potential. - Discussion of the Preliminary Economic Assessment (PEA) results and future growth opportunities. - Overview of permitting processes and existing permits for water and aquifer protection. - Plans for extensive drilling and exploration activities at Cactus East, Cactus West, and Park Salier. - Introduction of new team members, including the CFO and a new board member, to strengthen the company's management. - Update on the company's share capital structure and recent fundraising effo...
Mr. Nikolakakis has over 27 years of corporate finance, accounting and senior management experience within the mining sector. Over his career, he has raised over US$2 billion in numerous mining transactions. Most recently he was the Chief Financial Officer for Battle North Corporation (acquired by Evolution Mining in 2021). He was also the former Chief Financial Officer of Rainy River Resources. Prior to Rainy River, Nick was the Vice President of Corporate Finance at Barrick Gold Corporation, where he led a US$1 billion project financing for Barricks Pueblo Viejo mine in the Dominican Republic and successfully negotiated a US$1.5 billion corporate revolving credit facility. Other previously held positions by Mr. Nikolakakis include, Vice President and Chief Financial Officer of Placer Dome Canada, and Treasurer at North American Palladium Ltd.
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).
Replay transcript excerpt
Speaker 1: Well, hello, everyone, and welcome to Arizona Sonoran Copper Company's live summit today hosted by 6. I'm pleased to introduce our speakers for today. We have President, CEO, and Director George Algilvie. Speaker 1: The company's CFO, Nicholas Nikolaakis. Speaker 1: Director of Investor Relations, Alison Dwoskin. Speaker 1: So George is going to walk us through a company presentation and then we will be accepting questions live. So as a reminder, you can submit questions at any time on the Q&A panel on the right-hand side of the screen, and we'll get to them after the presentation. Speaker 1: And as always, the summit is being recorded and will be available to watch afterwards on six.com. But without any further ado, I'll hand it over to you, George, to get us started. Excellent. Well, thank you, Dasha. Appreciate it. Speaker 2: 1st of all, I'd like to welcome everybody on to the call today. Greatly appreciate you taking an interest in the company. Obviously, the title of our presentation today is Copper Invest in Sustainability, Speaker 2: and it's Arizona Sonora Copper Company. Speaker 2: We do make some forward-looking statements within the presentation. So obviously I'll draw your attention to the cautionary Speaker 2: language. Speaker 2: So why ASCU? Speaker 2: Well, obviously Speaker 2: it's a brownfield site. This mine was formally in production in the Speaker 2: 1970s and 80s and was previously owned by ASARCO. Speaker 2: The mine is located in Arizona, which obviously is a Tier 1 jurisdiction. Speaker 2: Today we have a compliant 43-101 Speaker 2: consisting of 1.6 Speaker 2: billion pounds of copper in the indicated category Speaker 2: and 1.9 Speaker 2: billion pounds of copper and the inferred category. Speaker 2: And we're currently exploring...
