Sale Of First Copper Cathode From The Gunnison Project


PHOENIX, AZ - Excelsior Mining Corp. reported the sale of first copper cathode from the Gunnison Copper Project in Cochise County, Arizona. Highlights include: A total of 90,000 pounds of copper cathode were sold under the off-take agreement with Trafigura Trading LLC; Assays confirm that the copper content achieved 99.998%; copper purity is projected to achieve 99.999% ("five-nines copper") as per the feasibility design, for all future copper harvests; and Excelsior anticipates achieving the nameplate production rate of 25 million pounds per annum later this year.

Stephen Twyerould, President & CEO, said, "Copper sales are expected to steadily increase as we advance the Gunnison ramp-up towards full production. I congratulate our entire team, and in particular the SX-EW operations crew on achieving this notable milestone. Our SX-EW processing facility has been on care & maintenance for several years; therefore, the initial high quality of the Gunnison Project cathode is remarkable and reflects our commitment to achieving technical excellence throughout all aspects of our business."