Arun Jayaram

Scott Gruber

Stephen Gengaro

Jeffrey LeBlanc

David Anderson

Donald Crist

J. David Anderson

John Anderson

- Arizona Sonoran Copper Company has completed its Pre-Feasibility Study (PFS) drilling program, totaling **232,000 ft (70,715 m)** at the Cactus Project in Arizona, which included infill drilling to upgrade Inferred Mineral Resource Estimates (MRE) to Indicated classification.  **[1699136_5591a8a053584df29aceafe20e9859ae_0]** 
- The Company expects a **high mineral resource estimate conversion rate** from the PFS drilling, with an updated MRE for the Cactus Project anticipated soon, feeding into the PFS expected in **2H 2025**.  **[1699136_5591a8a053584df29aceafe20e9859ae_0]** 
- The Definitive Feasibility Study (DFS) infill drilling program has commenced, targeting approximately **80,000 ft (24,000 m)** of drilling with an expected completion by **early 2026** to upgrade the MRE to the Measured classification.  **[1699136_5591a8a053584df29aceafe20e9859ae_1]** 
- Drilling highlights include significant continuous mineralization intercepts such as **1,048 ft (319 m) @ 0.80% CuT** at Parks/Salyer and **761 ft (232 m) @ 0.98% CuT** at Cactus East.  **[1699136_5591a8a053584df29aceafe20e9859ae_2]**

Cactus (WHD)