October 22, 2017 5:57 PM ET

Metals and Mining

Company Overview of Excelsior Mining Corp.

Company Overview

Excelsior Mining Corp. engages in the acquisition, exploration, and development of mineral properties. The company has interests in the Gunnison Copper Project covering approximately an area of 9,560 acres located in Arizona within the copper porphyry belt; and the Johnson Camp Mine, which consists of 59 patented lode mining claims, 117 unpatented lode mining claims, and fee simple lands. Excelsior Mining Corp. was incorporated in 2005 and is headquartered in Phoenix, Arizona.

Concord Place

Suite 300

2999 North 44th Street

Phoenix, AZ 85018

United States

Founded in 2005

21 Employees

Key Executives for Excelsior Mining Corp.

Chief Financial Officer
Total Annual Compensation: C$176.9K
Chief Operating Officer
Age: 52
Vice President of Sustainability
Total Annual Compensation: C$31.0K
Compensation as of Fiscal Year 2016.

Excelsior Mining Corp. Key Developments

Excelsior Mining Obtains Permit for Gunnison Copper Project in US

Excelsior Mining has secured an aquifer protection permit (APP) for its Gunnison copper project in Cochise County, south-east Arizona, US. The permit was awarded by the Arizona Department of Environmental Quality (ADEQ),and will be active after completion of an appeal period of 30 days. Excelsior is currently working to obtain an underground injection control permit from the Environmental Protection Agency. Covering 9,560 acres, the project is located 65 miles south-east of Tucson Arizona within the copper porphyry belt. Based on a feasibility study conducted last year, the project has a net present value (NPV) of $1.17 billion pre-tax and $807 million post-tax, and internal rate of return (IRR) of 48% pre-tax and 40% post-tax at 7.5% discount rate. Initially, the project is expected to produce 25 million pounds of copper cathode per annum, with further plans to expand production capacity in phases to 125 million pounds per annum. The project has probable mineral reserves of 4.5 billion pounds contained within a measured and indicated resource of 4.9 billion pounds. The final expansion stage of the project includes construction of an acid plant at full production.

Excelsior Mining Corp. Elects Jay Sujir and Jim Kolbe as Directors

Excelsior Mining Corp. announced that at annual general meeting held on September 8, 2017, elected Jay Sujir and Jim Kolbe as directors.

Excelsior Mining Corp. Announces Gunnison Copper Project Receives Draft State Permit

Excelsior Mining Corp. announced that the Arizona Department of Environmental Quality (ADEQ) has issued a draft operating permit, the Aquifer Protection Permit (APP), for the Gunnison Copper Project, located in Cochise County, southeastern Arizona. The draft APP will remain open for public comment for a minimum of 30 days. The timing of the issuance of the final APP is subject to this public comment period.

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