Arizona Sonoran Copper’s Cactus project. Image from Arizona Sonoran Copper Company.
Privately held U.S. explorer-developer Arizona Sonoran Copper Company (formerly Elim Mining) is completing a preliminary economic assessment (PEA) on its Cactus porphyry copper project in Arizona before year-end, recently installed president and CEO George Ogilvie tells The Northern Miner.
The company is working to reactivate the brownfields copper deposit in the shortest possible timeframe. In contrast, the copper price runs red-hot near the record price levels achieved earlier this year, amid solid fundamentals backed by the energy transition and global economic recovery following the pandemic’s impacts.