STOCK TITAN

Gunnison Copper Provides a Construction Update for the Johnson Camp Mine in Southeast Arizona

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Gunnison Copper Corp (GCUMF) has provided a construction update for its Johnson Camp Mine (JCM) in southeast Arizona. The company reports that construction activities are progressing on schedule to begin cathode production in Q3 2025. Mining of mineralized material began in January 2025 and is being stockpiled ahead of leach pad completion.

Phase-1 of the leach pad is complete, with phase-2 advancing. The company will install Nuton's processing equipment and begin stacking sulfide and oxide production mineralized material. A modern laboratory for on-site material and process analysis has been constructed and will begin ramping up in April. The leach pad spans approximately 8 million square feet, with dimensions of 1220m by 640m.

The company's HR department is focusing on local hiring to build the Gunnison team. Additionally, Board member Stephen Axcell has retired effective March 20, 2025, after serving since 2018.

Gunnison Copper Corp (GCUMF) ha fornito un aggiornamento sulla costruzione della sua Johnson Camp Mine (JCM) nel sud-est dell'Arizona. L'azienda riporta che le attività di costruzione stanno procedendo secondo il programma per iniziare la produzione di catodi nel terzo trimestre del 2025. Lo scavo del materiale mineralizzato è iniziato a gennaio 2025 e il materiale viene accumulato in attesa del completamento della piattaforma di lisciviazione.

La fase-1 della piattaforma di lisciviazione è completata, con la fase-2 in avanzamento. L'azienda installerà l'attrezzatura di lavorazione di Nuton e inizierà a impilare il materiale mineralizzato di produzione di solfuri e ossidi. È stato costruito un laboratorio moderno per l'analisi dei materiali e dei processi in loco, che inizierà a operare ad aprile. La piattaforma di lisciviazione si estende per circa 8 milioni di piedi quadrati, con dimensioni di 1220m per 640m.

Il dipartimento HR dell'azienda si sta concentrando sull'assunzione locale per costruire il team di Gunnison. Inoltre, il membro del Consiglio Stephen Axcell si è ritirato con effetto dal 20 marzo 2025, dopo aver servito dal 2018.

Gunnison Copper Corp (GCUMF) ha proporcionado una actualización de construcción para su Johnson Camp Mine (JCM) en el sureste de Arizona. La empresa informa que las actividades de construcción están avanzando según lo programado para comenzar la producción de cátodos en el tercer trimestre de 2025. La minería de material mineralizado comenzó en enero de 2025 y se está acumulando antes de la finalización de la plataforma de lixiviación.

La fase-1 de la plataforma de lixiviación está completa, y la fase-2 está avanzando. La empresa instalará el equipo de procesamiento de Nuton y comenzará a apilar el material mineralizado de producción de sulfuros y óxidos. Se ha construido un laboratorio moderno para el análisis de materiales y procesos en el sitio, que comenzará a operar en abril. La plataforma de lixiviación abarca aproximadamente 8 millones de pies cuadrados, con dimensiones de 1220m por 640m.

El departamento de recursos humanos de la empresa se está enfocando en la contratación local para construir el equipo de Gunnison. Además, el miembro de la Junta Stephen Axcell se ha retirado con efecto a partir del 20 de marzo de 2025, después de haber servido desde 2018.

Gunnison Copper Corp (GCUMF)는 애리조나 남동부에 위치한 Johnson Camp Mine (JCM)의 건설 업데이트를 제공했습니다. 회사는 2025년 3분기에 음극 생산을 시작하기 위해 건설 활동이 예정대로 진행되고 있다고 보고했습니다. 광물화된 물질의 채굴은 2025년 1월에 시작되었으며, 용출 패드 완공을 앞두고 재고로 쌓이고 있습니다.

용출 패드의 1단계는 완료되었으며, 2단계가 진행 중입니다. 회사는 Nuton의 가공 장비를 설치하고 황화물 및 산화물 생산 광물화 물질을 쌓기 시작할 것입니다. 현장 재료 및 공정 분석을 위한 현대적인 실험실이 건설되었으며 4월에 운영을 시작할 예정입니다. 용출 패드는 약 800만 평방피트를 차지하며, 크기는 1220m x 640m입니다.

회사의 인사부서는 Gunnison 팀을 구성하기 위해 지역 채용에 집중하고 있습니다. 또한, 이사회 멤버인 Stephen Axcell은 2018년부터 재직한 후 2025년 3월 20일부로 은퇴했습니다.

Gunnison Copper Corp (GCUMF) a fourni une mise à jour de la construction de sa Johnson Camp Mine (JCM) dans le sud-est de l'Arizona. L'entreprise rapporte que les activités de construction avancent comme prévu pour commencer la production de cathodes au troisième trimestre 2025. L'exploitation de matériaux minéralisés a débuté en janvier 2025 et est en cours d'accumulation en attendant l'achèvement du pad de lixiviation.

La phase-1 du pad de lixiviation est terminée, et la phase-2 est en cours. L'entreprise installera l'équipement de traitement de Nuton et commencera à empiler le matériau minéralisé de production de sulfures et d'oxydes. Un laboratoire moderne pour l'analyse des matériaux et des processus sur site a été construit et commencera à fonctionner en avril. Le pad de lixiviation s'étend sur environ 8 millions de pieds carrés, avec des dimensions de 1220m par 640m.

Le département des ressources humaines de l'entreprise se concentre sur l'embauche locale pour constituer l'équipe de Gunnison. De plus, le membre du conseil Stephen Axcell a pris sa retraite à compter du 20 mars 2025, après avoir été en fonction depuis 2018.

Gunnison Copper Corp (GCUMF) hat ein Bauupdate für seine Johnson Camp Mine (JCM) im Südosten von Arizona bereitgestellt. Das Unternehmen berichtet, dass die Bauaktivitäten planmäßig voranschreiten, um die Kathodenproduktion im 3. Quartal 2025 zu beginnen. Der Abbau von mineralisiertem Material begann im Januar 2025 und wird vor der Fertigstellung der Laugungsfläche gelagert.

Phase-1 der Laugungsfläche ist abgeschlossen, während Phase-2 voranschreitet. Das Unternehmen wird die Verarbeitungsausrüstung von Nuton installieren und beginnen, mineralisiertes Material aus Sulfiden und Oxiden zu stapeln. Ein modernes Labor zur Analyse von Materialien und Prozessen vor Ort wurde gebaut und wird im April in Betrieb genommen. Die Laugungsfläche erstreckt sich über etwa 8 Millionen Quadratfuß, mit Abmessungen von 1220m mal 640m.

Die Personalabteilung des Unternehmens konzentriert sich auf lokale Einstellungen, um das Gunnison-Team aufzubauen. Außerdem ist das Vorstandsmitglied Stephen Axcell am 20. März 2025 nach seinem Dienst seit 2018 in den Ruhestand gegangen.

Positive
  • On track for Q3 2025 cathode production start
  • Mining operations successfully commenced in January 2025
  • Phase-1 of leach pad completed, phase-2 advancing
  • New modern laboratory constructed for on-site analysis
Negative
  • None.

Phoenix, Arizona--(Newsfile Corp. - March 21, 2025) - Gunnison Copper Corp. (TSX: GCU) (OTCQB: GCUMF) (FSE: 3XS) ("Gunnison" or the "Company") is pleased to provide a construction update for the fully permitted Johnson Camp Mine ("JCM"), in southeast Arizona.

Further to the last update where it was announced the mining fleet had been mobilized, and mining activities such as pre-stripping had begun (see Gunnison news release dated December 16th), the Company is pleased to report JCM construction activities are progressing well and on track to produce cathode in Q3 2025.

Mining of mineralized material commenced in January 2025 (Figure 1) and is being stockpiled in advance of the completion of the leach pad. Leach pad phase-1 is complete, and phase-2 of the leach pad follows closely behind (Figure 2). With phase-2 advancement we will begin installing Nuton's processing equipment and ultimately start stacking sulfide and oxide production mineralized material. The Company has completely redesigned and constructed a modern laboratory for on-site material and process analysis (Figure 3). The lab will begin ramping up in April and will be commissioned once production from the leach pad commences. In addition, the Company's HR group is progressing with its staffing plan, with a focus on hiring locally, and has added exceptional talent to the Gunnison team.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/2744/245498_dd6e6b8f74ca19a8_001.jpg

Figure 1 - Blast Hole Drill Rig Preparing a Bench for Mining at JCM

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2744/245498_dd6e6b8f74ca19a8_001full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/2744/245498_dd6e6b8f74ca19a8_002.jpg

Figure 2 - Leach Pad Overhead View, 8 million square feet with dimensions of approximately 1220m by 640m. Phase 1 shows the protective, crushed rock, over-liner material on bottom half of the image and Phase 2 shows the black under-liner material with over-liner being placed on top.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2744/245498_dd6e6b8f74ca19a8_002full.jpg

"The fast pace at which our construction partners continue to progress the Johnson Camp project is nothing short of impressive. In roughly 12 months we will have transformed Gunnison Copper into a nimble open pit copper producer with a future as bright as the Arizona sky we enjoy daily," noted Robert Winton, SVP Operations of the Company.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/2744/245498_dd6e6b8f74ca19a8_003.jpg

Figure 3 - Newly Constructed Material and Process Analysis Laboratory

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2744/245498_dd6e6b8f74ca19a8_003full.jpg

The Company also announces that long serving Board member, Stephen Axcell, has retired as a director of the Company effective March 20, 2025. Initially appointed in 2018, Mr. Axcell has provided invaluable contributions during his more-than six years as a Board member of the Company and the Company thanks Mr. Axcell for his contributions and support during his tenure.

ABOUT GUNNISON COPPER

Gunnison Copper Corp. is a multi-asset pure-play copper developer and producer that controls the Cochise Mining District (the district), containing 12 known deposits within an 8 km economic radius, in the Southern Arizona Copper Belt.

Gunnison exists to develop and operate copper mines in Southern Arizona to produce fully Made in America finished copper cathode to directly supply American energy, defense, and manufacturing supply chains. Gunnison proudly hires locally, purchases locally, and sells its products locally. Gunnison invests in its employees, their families, and the communities around it. Gunnison operates safely and responsibly with a focus on technology and positive societal impact, while also emphasizing long-term value creation for stakeholders.

Its flagship asset, the Gunnison Copper Project, has a measured and indicated mineral resource containing over 831 million tons with a total copper grade of 0.31% (measured mineral resource of 191.3 million tons at 0.37% and indicated mineral resource of 640.2 million tons at 0.29%), and a preliminary economic assessment ("PEA") yielding robust economics including an NPV8% of $1.3Billion, IRR of 20.9%, and payback period of 4.1 years. It is being developed as a conventional operation with open pit mining, heap leach, and SX/EW refinery to produce finished copper cathode on-site with direct rail link.

The PEA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the conclusions reached in the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

In addition, Gunnison's Johnson Camp Asset, which is under construction with first copper production expected in Q3 2025, is fully funded by Nuton LLC, a Rio Tinto Venture, with a production capacity of up to 25 million lbs of finished copper cathode annually.

Other significant deposits controlled by Gunnison in the district, with potential to be economic satellite feeder deposits for Gunnison Project infrastructure, include Strong and Harris, South Star, and eight other deposits.

For additional information on the Gunnison Project, including the PEA and mineral resource estimate, please refer to the Company's technical report entitled "Gunnison Project NI 43-101 Technical Report Preliminary Economic Assessment" dated effective November 1, 2024 and available on SEDAR+ at www.sedarplus.ca.

Dr. Stephen Twyerould, Fellow of AUSIMM, President and CEO of the Company is a Qualified Person as defined by NI 43-101. Mr. Twyerould has reviewed and is responsible for the technical information contained in this news release.

For more information on Gunnison, please visit our website at www.GunnisonCopper.com.

ABOUT NUTON

Nuton is an innovative venture that aims to help grow Rio Tinto's copper business. At the core of Nuton is a portfolio of proprietary copper leaching technologies and capability. Nuton has the potential to economically unlock copper from hard-to-leach ores, including primary sulfides and, in doing so, increase domestic production of critical minerals to support the energy transition. Nuton technologies can achieve market-leading recovery rates and boost copper production in new, ongoing and historical operations, increasing resource utilization and maximizing their value.

With significantly lower energy and water needs than conventional concentrating and smelting, and the ability to produce copper cathode at the mine site, Nuton offers a reliable source of domestically produced copper, with a short mine-to-metal supply chain and the ambition to set industry-leading ESG credentials.

One of the key differentiators of Nuton is the ambition to produce the world's lowest footprint copper while having at least one Positive Impact at each of its deployment sites, across its five pillars: water, energy, land, materials and society.

For more information, please visit www.nuton.tech.

For further information regarding this press release, please contact:

Gunnison Copper Corp.
Concord Place, Suite 300, 2999 North 44th Street, Phoenix, AZ, 85018

Shawn Westcott
T: 604.365.6681
E: info@GunnisonCopper.com
www.GunnisonCopper.com

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward looking information contained in this news release includes, but is not limited to, statements with respect to: (i) the intention to deploy the Nuton® technology at the Johnson Camp mine and future production therefrom; (ii) the continued funding of the stage 2 work program by Nuton; (iii) the details and expected results of the stage two work program; (iv) future production and production capacity from the Company's mineral projects; (v) the results of the preliminary economic assessment on the Gunnison Project; and (vi) the exploration and development of the Company's mineral projects.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" or "does not expect", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, Nuton will continue to fund the stage 2 work program, the availability of financing to continue as a going concern and implement the Company's operational plans, the estimation of mineral resources, the realization of resource and reserve estimates, , copper and other metal prices, the timing and amount of future development expenditures, the estimation of initial and sustaining capital requirements, the estimation of labour and operating costs (including the price of acid), the availability of labour, material and acid supply, receipt of and compliance with necessary regulatory approvals and permits, the estimation of insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to the Company not obtaining adequate financing to continue operations, Nuton failing to continue to fund the stage 2 work program, the breach of debt covenants, risks inherent in the construction and operation of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined including the possibility that mining operations may not be sustained at the Gunnison Copper Project, risks related to the delay in approval of work plans, variations in mineral resources and reserves, grade or recovery rates, risks relating to the ability to access infrastructure, risks relating to changes in copper and other commodity prices and the worldwide demand for and supply of copper and related products, risks related to increased competition in the market for copper and related products, risks related to current global financial conditions, risks related to current global financial conditions on the Company's business, uncertainties inherent in the estimation of mineral resources, access and supply risks, risks related to the ability to access acid supply on commercially reasonable terms, reliance on key personnel, operational risks inherent in the conduct of mining activities, including the risk of accidents, labour disputes, increases in capital and operating costs and the risk of delays or increased costs that might be encountered during the construction or mining process, regulatory risks including the risk that permits may not be obtained in a timely fashion or at all, financing, capitalization and liquidity risks, risks related to disputes concerning property titles and interests, environmental risks and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245498

FAQ

When will Gunnison Copper (GCUMF) begin copper cathode production at Johnson Camp Mine?

Gunnison Copper is on track to begin cathode production in Q3 2025 at the Johnson Camp Mine.

What is the current status of GCUMF's leach pad construction at Johnson Camp Mine?

Phase-1 of the leach pad is complete, and phase-2 is advancing. The total pad spans 8 million square feet (1220m by 640m).

When did mining operations begin at GCUMF's Johnson Camp Mine?

Mining of mineralized material commenced in January 2025, with material being stockpiled ahead of leach pad completion.

What infrastructure improvements has GCUMF made at the Johnson Camp Mine?

GCUMF has constructed a modern laboratory for on-site material and process analysis, which will begin ramping up in April 2025.
Gunnison Copper

OTC:GCUMF

GCUMF Rankings

GCUMF Latest News

GCUMF Stock Data

48.98M
161.21M
2.61%
46.46%
Copper
Basic Materials
Link
United States
Phoenix