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Excelsior Mining Corp (EXMGF) is a mineral exploration and production company that owns and operates the Gunnison Copper Project in Arizona. Recently, the company has announced assay results at the Johnson Camp Mine (JCM) from the Stage 1 drilling with Nuton LLC, a Rio Tinto venture. The program consists of drilling core samples primarily for metallurgical evaluation, funded by Nuton as part of the Option to JV Agreement. The Company's operations include historical open pit, heap leach processes, and a fully functioning SX-EW plant capable of copper cathode production. An updated Preliminary Economic Assessment (PEA) indicates promising financial figures, with a significant after-tax NPV and IRR, emphasizing the potential for significant copper production at the JCM.
Excelsior Mining Corp. announced encouraging assay results from its infill drilling at the Johnson Camp mine in Arizona. The new findings, particularly from the Burro pit, reveal significant thickness and grade, enhancing the potential for developing a new mine plan targeting higher-grade zones. The company is advancing on permits to restart operations, although full operations are now projected for 2023 due to ongoing drilling and metallurgical tests. The latest drill program included 43 diamond holes, with 37 showing an average leaching potential exceeding 68% for copper.
Excelsior Mining Corp. (OTCQX: EXMGF) announced a live-video webinar on April 14, 2022, at 1 PM EDT, featuring President & CEO Stephen Twyerould and SVP Robert Winton. The event, hosted by Amvest Capital, aims to provide updates on the Gunnison Copper Project and the Johnson Camp Mine. Participants can register through the provided link. Excelsior is recognized for its environmentally friendly copper extraction methods, operating the Gunnison Copper Project in Arizona, with a production capacity of 125 million pounds of copper cathode annually.
Excelsior Mining Corp. announced promising assay results from its infill drill program at the Johnson Camp mine in Arizona. The results from the Burro pit showed improved mineralization at the north end and plans to restart mining operations later this year are underway. A total of 31 out of 34 planned holes have been drilled, with average leaching potential exceeding 60%. This positions the company to develop a mine plan focusing on high-grade sections for enhanced cashflow. Ongoing permitting for a new leach pad is advancing.
Excelsior Mining Corp. announced favorable updates from its Prefeasibility Study (PFS) on the Gunnison Copper Project and Preliminary Economic Assessment (PEA) on the Johnson Camp Mine. The PFS indicates a post-tax NPV of $1,348.5 million with an IRR of 44.9%. Initial capital costs are estimated at $45.1 million, with a payback period of 4.8 years. The Johnson Camp Mine shows a potential after-tax NPV of $7.8 million, assuming copper prices of $4.25/lb. Risks identified include production efficiency and cost pressures, while opportunities exist in resource optimization and enhanced production methods.
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