Arizona Sonoran Copper Company Inc. 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 cathodes onsite via heap leach and a Solvent Extraction/Electrowinning (?SXEW?) plant. Cactus PFS Highlights: Averageannual production of approximately 55 ktons or 110 million pounds (?lbs?) of copper (?Cu?), with a peak of 74 ktons or 149 million pounds of copper.

Initial Life of Mine (?LOM?) 21 years, recovering 1,153 ktons or 2.31 billion pounds of Copper LME Grade A cathode onsite via heap leach facility and SXEW. Maiden Proven & Probable (?P&P?) Reserves of 276.3 million tons at 0.48% Soluble Copper (?Cu TSol?)or 3.0 Billion lbs Copper. Favourable metallurgy with a range of 85%-92% LOM average soluble copper recoveries.

Private land ownership with streamlined permitting process. Low carbon footprint mining project: Powered by an existing 69 KV Transmission line with access to ?Green Energy? through the Palo Verde Nuclear Plant West of Phoenix for costs of $0.07/kWh; Heap Leach and SXEW Process and Conveyors and radial stackers used to move ore to leach pads.

Significant Copper Project in the USA: Proven & Probable (?P&P?) Reserves of 276.3 million tons at 0.48% Soluble Copper (?Cu TSol?)or 3.0 Billion lbs Copper Underground Proven Reserve grade of 0.89% and 0.82% Cu TSol from Cactus East and Parks/Salyer, respectively Measured & Indicated Resources of 5.2 billion lbs Copper and Inferred Resources of 2.2 billion lbs Copper. Future Opportunities to Further Improve Business Case: Drilling to upgrade known inferred resources and bring them into the mine plan potentially increasing the LOM production, reducing underground development costs, operating expenses, capital expenses and overall strip ratio. Drilling to prove a maiden resource at MainSpring as a potential open pit providing operational flexibility and gaining lower cost access to the Parks/Salyer deposit.

Bringing MainSpring into the mine plan potentially improves operational and financial synergies within the Cactus Project. Continued exploration success on the Cactus Project in the ?Gap Zone?, below the envelope of the existing Cactus West Open Pit Shell and in the North-East Extension. Nuton LLC?s (?Nuton") leaching technology driving primary sulphide optionality, currently excluded from the mine plan.

Pre-Feasibility Summary: The 2024 PFS outlines a lower risk and long-life copper project with low first quartile capital intensity. The heap leach operation will produce on average 55 kstpa of LME Grade A copper cathodes via SXEW. Conventional open pit mining methods have been selected for the extraction of oxide and secondary sulphide material from the lower grade Cactus West pit, while the higher-grade Parks/Salyer and Cactus East deposits will be mined via underground using the Sublevel Caving (?SLC?) method from the 1,500 ft (457 m) and 1,200 ft (366 m) levels, respectively.

Reserve grades of the Parks/Salyer and Cactus East deposits are high grade, at 0.93% CuT and 0.95% CuT, and 0.82% Cu TSol and 0.89% Cu TSol, respectively. The Stockpile will be a rehandling exercise moving low grade tonnage to a lined pad for leaching. Onsite facilities at the mine site will consist of an open pit, underground mining operations, a fine crushing plant incorporating all crushing, classification, agglomeration and conveying systems and an SXEW process plant.

On site supporting infrastructure will include site power distribution, access roads and heap leach facilities.