Gunnison Copper (TSX: GCU) this morning indicated construction is proceeding apace at its Johnson Camp Mine in southeastern Arizona. The project, which saw a mining fleet mobilized in mid-December, has continued to progress towards completion.
The company this morning indicated that construction currently has the mine on track to begin producing cathode in the third quarter of 2025. Mining of mineralized material began in January, with ore currently being stockpiled in advance of the leach pad being completed.
Phase one of the leach pad is said to currently be complete, with the second phase currently underway. Phase two involves the installation of Nuton’s processing equipment which will be used to conduct mineral extraction. Stacking of sulfide and oxide mineralized material is expected to commence shortly thereafter.
Elsewhere on site, a redesigned and constructed lab for on-site material and process analysis has been completed, with ramp up slated to begin in April. Final commissioning will occur once leach pad production begins.
The Johnson Camp Mine is a joint venture with Nuton LLC, a Rio Tinto Venture. The arrangement sees Gunnison acting as operator of the mine, while Nuton has been funding the costs associated with a two-stage work program to develop the mine, in exchange for using its new technology for the extraction of copper from the mine. Gunnison currently holds a 51% interest in the venture.
Gunnison Copper last traded at $0.23 on the TSX.
Information for this briefing was found via Sedar and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
