Copperstone Highlights Star Royalties
"... Copperstone Highlights
Tier 1 Jurisdiction
Experienced underground mine developer Lower Risk Restart
Fully permitted with significant infrastructure on site Short Timeline to Production
Restart expected in Q4 2021 with commercial production in Q1 2022
Modest Capital Requirement
~US$23M restart capital to be covered by US$18M stream and subsequent Arizona Gold financing
Encouraging Drill Results Outside Mineral Resource
1. Refers to Arizona Gold Corp.
2. Gold price assumptions:
; estimates based on Technical Report referenced in Appendix 4. NI 43-101 Technical Report: Preliminary Feasibility Study for the Copperstone Project, La Paz County, Arizona, USA, prepared for Kerr Mines Inc. (presently Arizona Gold Corp) with an effective date of April 1, 2018 prepared by Hard Rock Consulting Inc., in accordance with the guidelines of Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Please refer to Appendix 4 for additional information.
4.5-year mineral reserve life before impact of Phase 1 and Phase 2 (ongoing) drilling
Attractive Investment Metrics
Average after-tax FCF of ~US$5M/year2
PORTFOLIO Copperstone Potential https://starroyalties.com/wp-content/uploads/2020/02/Star-Royalties-Marketing-Deck2020.pdf https://www.arizona-gold.com/ https://www.kitco.com/news/2021-01-28/Physical-gold-demand-drops-17-in-2020-but-that-s-not-the-whole-story-World-Gold-Council.html