Clear Commodity Network Clear Commodity Network
  • Home
  • Metals
  • Energy
  • Agriculture
  • Podcasts
  • Playlists
  • Prices
Clear Commodity Network Clear Commodity Network Clear Commodity Network Clear Commodity Network
  • Home
  • Metals
  • Energy
  • Agriculture
  • Podcasts
  • Playlists
  • Prices
Cover for Arizona Sonoran Copper – Updated Cactus Project Resource Contains Over 11 Billion Pounds Of Copper In All Categories

Arizona Sonoran Copper – Updated Cactus Project Resource Contains Over 11 Billion Pounds Of Copper In All Categories

July 18, 2024
  • Company
KEReport
By KEReport
KEReport

George Ogilvie, President and CEO of Arizona Sonoran Copper (TSX:ASCU – OTCQX:ASCUF), joins me outline the updated resources at the Cactus Project in Arizona, that contains over 11 billion pounds (“lbs”)  of copper in all categories – 7.3 billion lbs of copper in measured and indicated, and 3.8 billion lbs in the inferred category.

We start off discussing the key metrics and takeaways from this updated resource estimate, and George outlines that it is because of all the drilling the company has done at the MainSpring Property, had not been included in this study yet, which brought in 1.9 billion lbs of copper.  Since Mainspring was amenable to open pit mining, this also allowed for Parks-Salyer to be transitioned into an open pit scenario as well, bringing in an additional 1.5 billion lbs of copper. Now that there is an enlarged pit, it confirms Parks/Salyer and MainSpring as one deposit, renamed to “Parks/Salyer.” This transition to open pit mining increases the efficiencies, improves costs, reduces capex, and takes away the need to put in the twin declines initially proposed.

There will be a Preliminary Economic Assessment coming out in the next few weeks that will wrap some economics and other mine development data around the combined project.  After that PEA, then all of the ongoing infill drilling at MainSpring and also deeper at Cactus West looking for more sulphide resources will all factor into a larger combined PFS for the whole Cactus Project, Parks Salyer, and Mainspring, both as a stand-alone project, and in concert with the Nuton leaching technology in 2025. That PFS study for next year will also review the optionality to improve the process with the investment by Nuton LLC (a wholly-owned subsidiary of Rio Tinto) and subsequent option to Joint Venture (“JV”) the Cactus Project to Nuton LLC using their proprietary leaching recovery methods.   George also provides some updates on permitting for the project, and the importance of it being on private land to help expedite the process.

If you have any follow up questions for George about Arizona Sonoran, then please email me at Shad@kereport.com  and I’ll get those forwarded along to the company.

  • In full disclosure, Shad has a position in Arizona Sonoran Copper at the time of this recording.

Click here to visit the Arizona Sonoran website to read over all the recent news.

KEReport
KEReport
The KE Report provides exclusive interviews with private money managers and sub $10 billion market cap companies. Interviews are published daily to help investors navigate the markets.
View all podcast by KEReport

Subscribe for Clear Insights

Freshly dropped news & interviews delivered to your inbox daily.
Please review our Disclaimer and Privacy Policy.

More Clear Commentary:

Cover for AbraSilver Resource – Early Phase 5 Drilling Intersects 31.0 Metres Grading 10.0 g/t Gold For The Best Gold Intercept To Date At Diablillos

AbraSilver Resource – Early Phase 5 Drilling Intersects 31.0 Metres Grading 10.0 g/t Gold For The Best Gold Intercept To Date At Diablillos

Cover for Aztec Minerals - $3.6M Financing Closed, Land Package Expanded at Tombstone

Aztec Minerals - $3.6M Financing Closed, Land Package Expanded at Tombstone

Cover for Vizsla Silver - Resuming Field Work and Acquiring The Santa Fe Claim Package, Including A Producing Mine

Vizsla Silver - Resuming Field Work and Acquiring The Santa Fe Claim Package, Including A Producing Mine

Cover for West Red Lake Gold Update as Development Continues for a Restart of Madsen this Year

West Red Lake Gold Update as Development Continues for a Restart of Madsen this Year

Cover for Newcore Gold CEO Comments on this Week's Drill Results from the Boin Deposit

Newcore Gold CEO Comments on this Week's Drill Results from the Boin Deposit

Cover for Introduction to Pan Global Resources and Exploration in Spain

Introduction to Pan Global Resources and Exploration in Spain

  • Tweet
  • Share
  • Share
  • Share
  • Share
  • Share
  • Tweet
  • Share
  • Share
  • Share
  • Share
  • Share