Kay Mine Project

Key facts

Mineral resource estimates

2 reported estimates, newest first. Categories are as disclosed by Arizona Metals Corp.; inferred material carries the lowest confidence and cannot support a reserve.

How the categories differ: Inferred vs Indicated vs Measured. Compare reports over time with the Resource Growth Tracker.

Economic studies

Figures as extracted from each study, in US dollars as the studies report them. Open the report before relying on one.

News releases6 on file

1. Jun 12, 2026

   Arizona Metals Announces Filing of the NI 43-101 Technical Report for the Kay Mine Project Preliminary Economic Assessment

   An NI 43-101 technical report supporting the Preliminary Economic Assessment for the 100%-owned Kay Mine Project in Arizona has been filed on SEDAR+ and the company's website. The report, prepared by G Mining Services Inc. with contributions from SGS Canada, WestLand and Haley & Aldrich, is dated June 12, 2026 with an effective date of April 30, 2026. There are no material differences from the PEA

   Study results
2. Apr 30, 2026

   Arizona Metals Announces Results of Preliminary Economic Assessment for the Kay Mine Project

   A Preliminary Economic Assessment for the Kay Mine Project in Yavapai County, Arizona, prepared by G Mining Services, shows a base case after-tax NPV5% of negative US$6 million and 4.9% IRR at US$4.70/lb copper, US$1.27/lb zinc, US$3,100/oz gold and US$38/oz silver, and a spot case NPV5% of US$445 million and 14.9% IRR. Payable production over the 10-year conceptual mine life totals 127 Mlbs coppe

   Study results
3. Feb 12, 2026

   Arizona Metals Intersects 22.4 m @ 1.1% CuEq in the Kay Deposit and Additional Drill Results from Kay Exploration Targets

   Drill hole KM-25-195 returned 22.4 m at 1.1% CuEq in a shallow portion of the Kay deposit, part of nine holes reported from the Kay Mine project in Yavapai County, Arizona. KM-25-190 cut 2.4 m at 0.7% CuEq on the Kay North Extension, and KM-25-197 cut 0.3 m at 0.9% CuEq on the Northwest target. A Preliminary Economic Assessment is on track for the first quarter of 2026, with 2,000 m of drilling pl

   Drill results
4. Aug 14, 2025

   Arizona Metals Files Technical Report for the Kay Mine Project

   An independent NI 43-101 technical report supporting the first mineral resource estimate for the Kay Mine Project in Yavapai County, Arizona has been filed on SEDAR+. The report, titled Technical Report On The Mineral Resource Estimate for the Kay Deposit Cu-Au-Zn-Pb-Ag Project, is dated August 14, 2025 with an effective date of June 17, 2025. It was authored by Allan Armitage, Ben Eggers and Shao

   Study results
5. Jun 30, 2025

   Arizona Metals Announces 2025 Mineral Resource Estimate for Kay Mine Project

   An initial mineral resource estimate for the 100%-owned Kay Mine Project in Yavapai County, Arizona, reports 9.28 million tonnes Indicated grading 1.39 g/t Au, 27.6 g/t Ag, 0.97% Cu, 0.33% Pb and 2.39% Zn (3.18% CuEq), plus 0.86 million tonnes Inferred grading 1.06 g/t Au, 15.4 g/t Ag, 0.87% Cu, 0.20% Pb and 1.68% Zn (2.44% CuEq), at a 1.00% CuEq cut-off, effective June 17, 2025. The underground e

   Resource update
6. Jun 24, 2025

   Arizona Metals Intersects 29.6 m @ 10.7 g/t AuEq in Kay2 Zone and Drills Third-Highest Gold Assay on the Kay Mine Project

   Drill hole KM-25-181 in the Kay2 Zone at the Kay Mine Project in Yavapai County, Arizona returned 29.6 m @ 10.7 g/t AuEq, including 13.6 m @ 17.8 g/t AuEq, and the project's third-highest gold assay of 35.8 g/t Au over 756.2–757.1 m. The hole sits about 90 m below discovery hole KM-24-166 and will be included in a Mineral Resource Estimate due this month, with a PEA by G Mining Services planned fo

   Drill results

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