live presentation

Its certainly worth watching the live broadcast the CEO did recently. Damn impressive speaker who knows his projects.
A summary of what he had to say....

In Mexico there is no difference between exploration and a mining license no extra costs

Over 300 Canadian companies operate there, but only 2 Australian ones, one of which is AZS.

Northwestern states we are involved in.

Modest resource discovered so far of in size 500k t but very high grade in 3 metals.

They are targeting 2mt at 4.5% copper

Initial resource was 200m strike length, we went outside that and extended the resource along another 200m strike length

Cash costs of .88c/llb is very low and it will get lower.

Will be able to buy second hand equipment in Mexico
So our cap ex will be much lower than we put in the costing models

Very simple mining - underground - stope out veins of copper leave the hardrock behind.

Very simple processing stage producing very high concentrate.

The pyrite gold concentrate ( doesn’t get captured in the copper concentrate) is not in the model, but expect $4m bonus revenue per year.

Decline cost is $1680 per metre in Mexico, same decline advance would cost $8-$10,000 per metre in Australia.

Should have a mine life in the bag shortly of 9 years. And will double that again.

Hit mineralised ground in all directions.

The jap JV covers 2 projects. We manage the exploration on behalf of the japs who pay the costs.Searching for copper there as well.
He said Looks like a very large target at one of the JV projects

Flux