Eagle Mountain Mining

TIM MASON

CEO

(ASX:EM2)

◾ Company Name: Eagle Mountain Mining ◾ Company ASX code: EM2 ◾ Key commodities: Copper ◾ Key Personnel: Charles Bass, Managing Director | Tim Mason, CEO | Manuel Ramos, CEO US Operations ◾ Locations: Arizona, USA ◾ Market Cap as of 15/07/22: $56.33M ◾Share price range over 12 months as of 15/07/22: $0.910 - $0.190 ◾ Company Website: eaglemountain.com.au

COMPANY PROFILE

An Australian success story working hard in the deserts of Arizona in the United States is Eagle Mountain Mining, which is currently in the process of recommissioning Oracle Ridge, an existing underground mine with 18km of development, on the hunt for copper.

The company has headed into the project with the clearly-stated aim of being a low emission producer at its high-grade Oracle Ridge project, to supply the rapidly growing green energy market, which it is right on track to achieve.

The company says that the Oracle Ridge site was only last mined in the 90s, but it is coming into the project with the very strong sense that a change in perspective, a better understanding of how to find the copper and the desire to capitalise on its early exploration results will deliver in spades.

Those exploration results include an updated JORC Resource that shows a 36% increase in contained copper, including 17.0 Mt grading 1.48% Cu, 15.09g/t Ag and 0.17g/t Au – figures that CEO Tim Mason is very excited about.

Additionally, multiple thick and highgrade zones of mineralisation continue to be intercepted outside existing MRE, such as 55.3m at 2.16% Cu, 17.15g/t Ag and 0.54g/t Au, and 30.7m at 2.54% Cu, 21.84g/t Ag, 0.42g/t Au.

“We’re feeling very positive about our future here,” Mason says. “Copper is a highly sought-after resource at the moment, and demand does not look like dropping off dramatically at any time in the near future.”

Mason says that you only need to take a quick look at who Eagle Mountain’s neighbours are in the area that it’s currently working to see why the company has chosen this site to explore.

The Oracle Ridge Copper Mine is nestled in among some of the biggest names in global mining, including BHP’s San Manuel mine, BHP / Rio Tinto’s Resolution mine, Asarco’s Mission, Ray and Silver Bell mines, and Freeport McMoRan’s Morenci, Miami and Twin Buttes / Sierrita mines.

Mason says that there are a number of reasons why Eagle Mountain went with this particular site, but one of the main reasons was a much lower cost to get production underway, due to extensive existing infrastructure

“By working within an existing underground project, we’re able to do our exploration and then get our equipment right up to the resource, without having to go through the effort and cost of mining 18km worth of tunnels ourselves,” he says.

“And, given that the area has historically been the site of mining, we are confident about existing levels of community support for what we’re planning, and there is an enormous amount of infrastructure in place that we can leverage.”

Alongside Mason’s 20 years’ experience in mining and engineering projects, is company founder Managing Director Charles Bass, who brings 50 years’ experience in the global mining industry including exploration and mineral processing, through to mine planning on a variety of commodities.

Chief Geologist Fabio Vergara also brings more than 12 years of experience to the table, while Rick Crabb’s decades of practicing law at leading law firms combined with Roger Port, a former partner of PricewaterhouseCoopers, rounds out the team at the top.

KEY INVESTMENT HIGHLIGHTS

JUNE 6, 2022: Eagle Mountain delivers further positive drilling results at Oracle Ridge. APRIL 20, 2022: Strong copper results support resource expansion potential at Oracle Ridge. MARCH 10, 2022: 36% increase in copper ... and growing at Oracle Ridge.