Capital Cost Increases and Inflation Effects

Arizona Sonoran CEO, George Ogilvie, joins the podcast late today for a discussion on the announced and updated preliminary feasibility study for the Cactus Project. The report highlights an open-pit / SXEW operation producing approximately 103,000 tonnes (226 million lbs) of estimated average annual copper cathodes over the first 10 years of mining, which would make Cactus the third largest cathode producer in the USA. We discuss the economics of the project within this report, the changes from the PEA, and the opportunities for future mine financing.