pea 2021: cOMBINED PITS @ us$3.50/LB CU
| Mine Life: | ~7 years |
| Material Mined: | ~54 M ton |
| Cu/Zn Grades: | 0.56% / 0.68% |
| Cu/Zn Produced: | 437 M lb / 575 M lb |
| Initial Capital | $328 million |
| Operating Costs ($/lb CuEq) | $1.76 |
| Average Cu/Zn annual production | 62 Mlbpa / 82 Mlbpa |
| Pre-Tax NPV/IRR (8% discount rate) | $325M / 25% |
hIGHLIGHTS
- Strong and Harris copper-zinc-silver deposit located just 1.3 miles (2.4km) north of Gunnison Copper’s Johnson Camp SX-EW facility.
- Traditional open pit with high-grade underground mining of the remaining sulfides at the bottom of the pit.
- Preliminary Economic Assessment (“PEA”) has been completed by Mine Development Associates,
The PEA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the conclusions reached in the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
NEXT STEP
- Expand resource and drill geophysical anomalies
- Feasibility Study
Additional information about the Strong & Harris Project can be found in the technical report filed on SEDAR at www.sedar.com entitled: “Estimated Mineral Resources and Preliminary Economic Analysis, Strong and Harris Copper-Zinc-Silver Project, Cochise County, Arizona” dated effective of September 9, 2021.
NEXT STEP
- Expand resource and drill geophysical anomalies
- Feasibility Study
Additional information about the Strong & Harris Project can be found in the technical report filed on SEDAR at www.sedar.com entitled: “Estimated Mineral Resources and Preliminary Economic Analysis, Strong and Harris Copper-Zinc-Silver Project, Cochise County, Arizona” dated effective of September 9, 2021.
