Gunnison Copper Project PEA Technical Report Reporting Post-Tax NPV8 of ~US$2.0 Billion and IRR of 22.5% is Now Filed

Core Viewpoint - Gunnison Copper Corp. has filed an updated Preliminary Economic Assessment (PEA) for its Gunnison Copper Project, indicating strong economic viability and significant contributions to the U.S. copper supply [1][2]. Economic Assessment - The PEA outlines a large-scale copper project with an after-tax NPV8 of approximately US$2.0 billion, an internal rate of return of 22.5%, and a payback period of 3.9 years at a base case copper price of $4.60/lb [2][4]. - Under a higher copper price scenario of $5.75/lb, the after-tax NPV8 increases to approximately US$3.2 billion, with an internal rate of return of 31.8% and a payback period of 2.6 years [4]. Project Metrics - The project has a construction period of 24 months and a life of mine of 21 years, with a total of 641 million tons of mineralized material expected to be mined [6][7]. - The average annual copper production is projected to be 174 million pounds for the first 15 years, contributing significantly to U.S. refined copper production [7]. Economic Impact - The project is expected to create over 112,744 job years and generate $558 million in state and local taxes, $1.43 billion in federal taxes, and $21.9 billion in total economic output [4][5]. Financial Metrics - Key financial metrics at a $4.60/lb copper price include an average annual free cash flow of $366 million over the first 15 years and an EBITDA of $486 million [5][6]. - The cash cost is estimated at $1.70 per pound of copper, with sustaining cash costs of $2.00 and all-in sustaining costs of $2.05 per pound, positioning the project in the lower half of the global cost curve for copper mining [7]. Mineral Resource Estimate - The Gunnison Deposit's mineral resources are classified into Measured, Indicated, and Inferred categories, with a total of 846.1 million short tons at an average grade of 0.33% copper [10][12]. - The project has a significant amount of inferred resources, which are considered too speculative to be categorized as mineral reserves [4][9].