What's Happening?
Arizona Sonoran Copper has announced an updated resource estimate for its Cactus Brownfield Copper Project in the United States. The company has successfully converted 51% of the inferred material to the measured and indicated categories, resulting in a resource containing 1.143 billion tons at 0.48% copper, equating to 11 billion pounds of contained copper. This update follows infill drilling efforts and reflects a 15% drop in overall grade due to the inclusion of lower-grade material. The company plans to incorporate these updated estimates into a Prefeasibility Study (PFS) expected in the fourth quarter of 2025.
Why It's Important?
The updated resource estimate is a significant milestone for Arizona Sonoran Copper, as it enhances the project's economic viability and attractiveness to investors. By increasing the measured and indicated resources, the company strengthens its position in the copper market, which is crucial given the growing demand for copper in various industries, including renewable energy and electric vehicles. The project's advancement supports local economic development and job creation, contributing to the broader U.S. mining sector's growth.
What's Next?
Arizona Sonoran Copper plans to advance three key workstreams: a Definitive Feasibility Study, permit amendments, and project financing. These steps are essential for moving towards a final investment decision, anticipated as early as the fourth quarter of 2026. The company will continue to engage with stakeholders, including regulatory authorities and potential investors, to ensure the project's successful development. The outcome of the Prefeasibility Study will be closely monitored, as it will provide further insights into the project's potential and guide future strategic decisions.
