RE:Leaching PadJCM – NutonTM Technologies: Sulfide Leaching
From July Corp Presentation slide 3
Johnson Camp Mine: Traditional open pit mine
• Option to JV with Nuton LLC, a Rio Tinto Venture
• Processing plant, infrastructure and permitted
• Nuton Stage 2 commenced ($5M payment)
• Construction Q3 2024, <--- Leach pad expected end of September ---- Mining Q4 2024, <--- no overburden, pit ready, shovel and crush, ore to leachpad, soak ----
Cu H1 2025
Flagship Gunnison Project: In-situ recovery (ISR) mine
• One of the largest un-mined Cu resources in the USA
• Permitting, infrastructure & pilot-mine in place
• Fracking approved; Success = huge value creation
• Optionality via a large Open Pit scenario
Then slide 22
Gunnison
• Well Stimulation ASAP (on funding $3-5M)
• Alternate mining studies <--- telegraphing possible open pit