Arizona Sonoran Announces Positive Pre-Feasibility Study for Cactus Mine Project
CASA GRANDE, Ariz. & TORONTO–(BUSINESS WIRE)–$ASCU #Arizona
Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) today announced it has completed its NI 43-101 Prefeasibility Study (“PFS”) for its Cactus Project in Arizona, USA. The Standalone PFS outlines a lower risk, top 10 potential copper operation in the domestic USA, producing LME Grade A copper cathode. This project is estimated to have a mine life of at least 20 years.
The Study Details
The pre-feasibility study for the Cactus Mine Project outlines a positive outlook for the Company and the local economy. With a projected post-tax net present value of US$509 million and an internal rate of return of 26.2%, this project has the potential to be a significant contributor to the region. The study also highlights the significant mineral resource potential and the competitive operating costs of the project.
The Cactus Project is strategically located in Arizona, a state known for its rich copper deposits. The Company has already secured the necessary permits and approvals to move forward with the project, and construction is expected to begin in the near future. With a focus on sustainability and responsible mining practices, Arizona Sonoran Copper Company aims to leverage this opportunity to create long-term value for its stakeholders.
How Will This Affect Me?
As a resident of Arizona, the development of the Cactus Mine Project could have several positive impacts on the local community. The project is expected to create jobs, stimulate economic growth, and contribute to the region’s overall prosperity. Additionally, the increased production of copper could potentially lead to lower prices for consumers, benefiting various industries that rely on this essential metal.
How Will This Affect the World?
The completion of the pre-feasibility study for the Cactus Mine Project is a significant development in the global copper market. As one of the top 10 potential copper operations in the USA, this project has the potential to increase the domestic supply of copper and reduce the country’s reliance on imported materials. This could have an impact on the global copper prices and supply chain, influencing the industry on a larger scale.
Conclusion
In conclusion, the positive pre-feasibility study for the Cactus Mine Project represents a significant milestone for Arizona Sonoran Copper Company and the local community. With the potential to become a top copper operation in the USA, this project has the ability to create value for stakeholders, stimulate economic growth, and impact the global copper market. Through sustainable practices and responsible development, Arizona Sonoran Copper Company is poised to make a lasting impact on the industry and the world.
