CASA GRANDE, Ariz. & TORONTO, February 04, 2025–(BUSINESS WIRE)–Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”), an emerging U.S. copper developer, is pleased to highlight the significant progress made at the Cactus Project in 2024, and outline its fully-funded strategic goals for 2025. ASCU is committed to advancing its brownfield Cactus Project through technical studies, building upon the positive updated 2024 Preliminary Economic Assessment (“2024 PEA”) issued this past August. The 2024 PEA highlighted a compelling 31-year open pit, heap leach and solvent extraction and electrowinning (“SXEW”) operation in Arizona. Upcoming studies, including the Pre-Feasibility Study (“2025 PFS”) already in progress and the planned follow-on Definitive Feasibility Study (“DFS”), will focus on optimizing asset-level operations to enhance value while driving key project-level milestones.1. No lost time incidents2. Financial strength and support by sponsors, having raised c. $59.2 million CAD financing in October and November 2024, and January 20253. Successful updated Preliminary Economic Assessment at Cactus (2024 PEA), with an average cathode production of 116k short tons per annum over the first 20 years of a 31-year mine life (see PR dated AUG 7, 2024 | 2024 PEA Technical Report)4. Exploration program excellence – Completed the Company’s largest drilling program to date, for 174,370 ft (53,148 m) of drilling. Drilling included the definition of the southern extension of the Parks/Salyer deposit by 2,953 ft (900 m) south of the mineral resource shell in the 2024 PEA, and within 138 ft (42 m) of surface, onto the newly acquired MainSpring property. Significant increase in Cactus Project …
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