Overview

Excelsior is developing the Gunnison Copper Project, a low cost in-situ recovery copper project located within the copper porphyry belt of Arizona.

Based on an initial production rate of 25 million pounds per year, which will be processed through the adjacent Johnson Camp Mine, and using a US$2.75/lb copper price, the Feasibility Study indicates a post-tax NPV (7.5% discount rate) of US$807 million, and an IRR of 40% with a payback period of initial capital of 2.8 years. Production would be staged; ramping up to full production of 125 million pounds. Initial capital expenditures (including 15% contingency) are estimated at US$46.9 million with an average life-of-mine direct operating cost of US$0.65/lb. These metrics are amongst the lowest per pound capital and operating costs for copper projects in North America.

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JJ Jennex, VP Corporate Affairs
Tel: 604-681-8030 (ext.240)
Toll Free: 1-866-683-8030
Email: info@excelsiormining.com