HudBay Minerals

Yeah.

So I, I, I maybe take a step back and I, I neglect to mention, you know, with HUD Bay acquiring Arizona Sonoran earlier in the year, that was a big deal.

And there wasn't, there wasn't the follow through after that.

Um.

The other big objective of the drill program is there are several, shall we say, new targets that have been developed by what's called an airborne electromagnetic survey or a ZTEM survey.

And we have good evidence that the whole area, not only hosts silver oxide going down dip into silver sulfide but there's potential for a big porphyry copper silver gold deposit underlying Candelaria now we need to drill some of the targets that have been outlined but we think there's good potential and we know the belt hosts big porphyry copper deposits just to the northwest of us is a place called Yarrington where groups like Nevada Copper, Hud Bay are all trying to develop big porphyry copper deposits.

So, you know, lots of upside not only potential to bring the silver oxide silver sulfide into production at Candelaria which we're moving forward with but also new upside blue sky potential for bigger even bigger deposits

Greg what tells you that this could be a blue sky I mean like District scale opportunity what have you done so far and and if you can tell me a little bit more I'm not a geologist but if you can Yeah.

BHP now holds 32% of Faraday's.

And these items follow, of course, Hudbay buying Arizona Sonoran Copper early this year and Ivanhoe Electric putting out a PFS in September for its Sandy Cruise project that featured TBMs or Tunnel Boring Machines.

Chris, a lot of news there.

Why is Arizona attracting so much copper investment? Is this new investment or is this just projects that have been stalled for years?

Kingfisher Metals trades on the TSX Venture under the symbol KFR.

[upbeat music] Hudbay Minerals and Mitsubishi have approved construction of the Copper World project in Arizona following completion of a definitive feasibility study.

Hudbay owns seventy percent of the joint venture, with Mis-Mitsubishi holding the other thirty percent.

First production is targeted for the second half of twenty-twenty nine.

The base case forecasts a hundred and two thousand tons of annual copper production over the first decade at average cas- ca- cash costs of roughly one dollar sixty-five cents per pound US.

The fifteen-year plan requires two point zero seven billion in initial, initial growth capital, partly funded by Mitsubishi's six hundred million dollar investment, a two hundred and thirty million dollar precious metal stream deposit, and anticipated project debt.

All major permits for initial operations are secured.

Hudbay Minerals trades on the TSX Stock Exchange under the symbol HBM.

And that's one of the companies.

So what ended up happening is that Arizona-Sonoran was taken out earlier this year by a company called HUD-Bay.

And so that happened, I think, this spring.

So we welcomed new readers in the November-December time frame.

And two, our job was to go out and say, hey, which one of these assets are actually going to get built? Because a near-term copper project might be five or even 10 years from production is the reality of it.

We've got two of our core copper royalties, one on Copper World, which is being advanced by Hud Bay, just brought in a joint venture partner, expected feasibility this year in construction decision in 2027.

And then Takataka, which is one of the world's largest developed copper projects.

It's in Argentina.

Two projects named by the ministry illustrate the difference.

At the operating Constancia copper mine, HudBay Minerals said a June permit amendment, its fifth at the mine, raised authorized annual mill processing capacity from 31 million to 34 million metric tons and covers mine plan changes, tailings transport, and water management.

Zafranol, a planned copper gold mine in Arequipa valued at roughly $1.9 billion, remains a different kind of decision.

The government cited a beneficiation authorization worth approximately $1.4 billion, a narrower figure than total project cost that I could not independently confirm.