Ian Graham

Oroco Resource Corp representing the Santo Tomas porphyry copper deposit in Northwest Mexico.

we acquired an option on an exploration project, which is just south of Santo Tomas. We think that's another porphyry center.

You've had quite the ride over the last 5 years...just over half half a percent copper equivalent.

So the PEA resource was a little over a billion tons of of combined inferred and indicated. Uh basically half and half.

Which we did in August of 2024 when we published a PEA with some quite good capital numbers, little over a billion dollars

22% plus IRR, all on $4 copper, $1,900 gold.

and very very nice returns in terms of discounted cash flow NPV of 1 and 1/2 billion

at $6, if we allow current sort of prices for the other metals, we're getting well under a dollar a pound to make the copper.

22% plus IRR, all on $4 copper, $1,900 gold.

we're probably going to need a little bit of working capital to push us through to completion of that PFS study

You raised the money back in January...we have support for that, uh you know, already lined up through the Canaccord Group who basically moved us through the last financing in January.

the project will be transaction ready next year.

Q2 PFS MRE probably in Q1. Yeah.

It was the community that brought us to the federal government through their congressman Right. uh to have us uh placed on Plan Mexico

Santo Tomas porphyry copper deposit in Northwest Mexico

the permitting environment for mining has been improving. Uh there's a backlog in permitting that is now sort of 60% caught up.

they recognize that we perhaps had not done representative metallurgical work...So they believe 70 to 80% of the resource is softer uh and will feed more quickly with less crushing energy

we see some upside in the ability to produce from Santo Tomas, increase some of the lib copper liberation Mhm. uh and reduce operate operating costs, get a little more throughput on the plant.

we believe make that not just Santo Tomas, but the district more attractive to potential acquisitors.