Arizona Sonoran Copper Company inc.

ASCU’s objective is to become a mid-tier copper producer with low operating costs and to develop the Cactus Project that could generate robust returns for investors and provide a long term sustainable and responsible operation for the community and all stakeholders. The Company’s principal asset is a 100% interest in the brownfield Cactus Project (former ASARCO Sacaton mine), which is situated on private land in the infrastructure-rich Pinal County, Arizona. Cactus' recently updated MRE contains 11.0 Blbs of Copper (1,142,800 short tons @ 0.48% CuT) in the M&I category and 1.7 Blbs of Copper (233,400 @ 0.37% CuT) in the Inferred category. The Company is led by an executive management team and Board which have a long-standing track record of successful project delivery in the America's complemented by global capital markets expertise.

Analysts Consensus PT (10 analysts): $4.04
P/NAV Consensus: 0.6x
P/NAV Current: 0.3x 
NPV8 (after-tax): $2,032 million
Institutional Ownership: 60%

Management Profile:

Mr. Nikolakakis has over 30 years of corporate finance, accounting and senior management experience within the mining sector. Over his career, he has raised over US$2.5 billion in numerous mining transactions. Most recently he was the Chief Financial Officer for Battle North Corporation (acquired by Evolution Mining in 2021). He was also the former Chief Financial Officer of Rainy River Resources. Prior to Rainy River, Nick was the Vice President of Corporate Finance at Barrick Gold Corporation, where he led a US$1 billion project financing for Barrick's Pueblo Viejo mine in the Dominican Republic and successfully negotiated a US$1.5 billion corporate revolving credit facility. Other previously held positions by Mr. Nikolakakis include, Vice President and Chief Financial Officer of Placer Dome Canada, and Treasurer at North American Palladium Ltd. He is also a Director of Maritime Resources Corp.

Mr. Nikolakakis holds an Applied Science degree in Geological Engineering from the University of Waterloo and a Master of Business Administration from the University of Western Ontario's Ivey School of Business.

What is your rationale for taking part in 121 Mining Investment?

ASCU management is seeking to update it's European shareholders and continue building market awareness of it's high-quality copper project and team. 

The Company is fully funded to Final Investment Decision as early as Q4 2026.

What recent news would you like to highlight to investors attending?

September 16, 2025
Arizona Sonoran Reports 11 Billion Pounds of Contained Copper in updated Cactus Mineral Resource Estimate in the Measured and Indicated Category, 75% of which is Leachable Material

September 2, 2025
Arizona Sonoran Acquires Additional Land Necessary to Support the Anticipated Cactus Project Plan

August 27, 2025
Arizona Sonoran Completes PFS Drilling and Initiates DFS Infill Drilling Program

August 13, 2025
Arizona Sonoran Completes 0.64% Buy-down of Cactus Project Royalties

June 2, 2025
Arizona Sonoran Appoints Hannam & Partners as Project Finance Advisor for the Cactus Project

What are your key goals for the next 3, 6 and 12 months?

3 Months

Complete the PFS
Initiate: 
- Amending permits
- Definitive Feasibility Study
- Project Financing Process

6 Months

Begin detailed engineering
Continue:
- Amending permits
- Definitive Feasibility Study
- Project Financing Process

12 Months

Complete:
- Detailed engineering
- Amending permits
- Definitive Feasibility Study
- Project Financing

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Permitting is always a risk no matter where you operate. For ASCU, the company has demonstrated the social license to operate in Casa Grande, as it has obtained all major permits related to the 2021 PEA. The company owns its private land and bears no federal nexus, therefore, permitting is a streamlined proces with the State of Arizona. 

Financing concerns related an eventual project financing. The Company believes that the project economics and in particular the +20 year mine life will support debt financing. In addition to the 10 banks supporting ASCU, the recently completed bought deal brought and block trades, have brought in quality institutions, who should all contribute to a successful project equity financing.

What do you think makes your company such a compelling investment?

The Cactus brownfield copper project is among the top copper deposits in the US from a size and scale perspective. Located on 100%-owned and private ground in Arizona, the project benefits from low capex, a streamlined and advanced permitting process, a proven and operations focused management team and the opportunity to become a major contributor to copper supply in the USA from cathodes produced directly onsite.

What are the top 3 key investor takeaways?

High-quality copper project with quality economics

Growth oriented, generational mine

Experienced and operations-focused management team