Gunnison Copper

The Gunnison Project is located about 65 miles east of Tucson, Arizona on the southeastern flank of the Little Dragoon Mountains in the Cochise Mining District. The property is within the copper porphyry belt of Arizona. The Gunnison Project hosts the Gunnison deposit and contains copper oxide and sulfide mineralization in potentially economic concentrations.The Company completed a PEA in Q4 2024, outlining an open pit heap leach and SX/EW operation extending over 18 years and producing LME Grade A copper cathodes directly onsite.

Gold exploration and development project

Gunnison, with Nuton LLC, a Rio Tinto ventureis now producing copper cathode from run-of-mine (ROM) ore, with first copper production using Nuton technologies expected later this year.The Stage 2 work programis anticipated to take up to five years and mining is expected to commence in year one with first copper produced from Nuton technology in 2025.The completion of all milestones would result in full scale commercial production of Nuton copper over several years at Johnson Camp. Revenue from operations will first be used to pay back Stage 2 costs to Nuton and will then be credited to Gunnison's account after fulfillment of Gunnison's applicable royalty and stream obligations.After the completion of Stage 2,Nuton will have the right to form a joint venture on Johnson Camp per mutually agreeable terms whereby Nuton will hold an initial 49% and Gunnison an initial 51% interest.

Gold exploration and development project

Gold exploration and development project

Gold exploration and development project

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.