SWVP-022820 SWVP-0600 THE FLORENCE COPPER PROJECT Building a Next Generation Copper Producer
SWVP-022821 WELCOME TO THE Ti e Florence Copper Project is an initiative of Curis Resources Ltd. to permit, construct and operate an in-situ copper recovery (ISCR) operation FLORENCE in Florence, Arizona. Ti e project, located in central Arizona within the municipal boundaries COPPER of the Town of Florence, was acquired by Curis in February 2010. Curis is working with residents and offj cials from the Town of Florence and relevant PROJECT State and Federal agencies to design, construct and operate a world-class in-situ copper recovery project. RESPONSIBLE CURIS MINERAL DEVELOPMENT Curis Resources Ltd. Hunter Dickinson Inc. (HDI) HDI is a diversifj ed global mining Like all HDI associated companies, Ti e Florence Copper Project is an initiative of Curis Resources Ltd., a company with a 25-year history of Curis Resources is committed to the mineral development success. From principles of ‘ Responsible Mineral Vancouver, Canada-based mineral its head offj ce in Vancouver, Canada, Development’. Ti is means that local exploration and development company focused on acquiring, developing HDI establishes, develops and builds people and communities must benefj t publicly traded companies active from the exploration and development and operating high-quality mineral around the world in all phases of activities that Curis undertakes, and properties around the world. Curis is associated with Hunter Dickinson Inc. mineral exploration. As an umbrella that principles of sustainability and organization, HDI provides its environmental stewardship guide all of (HDI), one of Canada’s most progressive mineral developers. companies with both cost and expertise the company’s activities. advantages through access to a shared To achieve its Responsible Mineral multi-disciplinary team of mining Development goal, Curis is guided by two professionals and industry experts and fundamental priorities: leaders. the Florence Copper Project must be advanced in a manner that MEET THE CEO respects and enhances local socio- MICHAEL MCPHIE economic priorities; and the Florence Copper Project must incorporate the highest quality of environmental stewardship and management. Ti ese priorities must be fully refm ected in all work undertaken by Curis. Michael McPhie greets Florence residents at a Curis open house event Michael McPhie is a mining executive with more than 20 years of operational and project development experience. Michael has served as a senior executive, board member and project manager with several international mining companies, was previously President & CEO of the Mining Association of British Columbia and a senior director of mineral policy with Natural Resources Canada. In 2004 he received a Service Distinction Award from the Government of Canada and, in 2005, was acknowledged as being one of Vancouver’s Top 40 under 40 business leaders. Michael holds a Bachelor of Science in Physical Geography, a Masters of Science in Environment and Management and is a registered Qualifj ed Environmental Professional (QEP) certifj ed by the Institute of Professional Environmental Practice. Michael lives in Vancouver, BC with his wife of 15 years, Heli, and has three school aged boys.
SWVP-022822 COMMUNITY VALUES & INVESTMENT Curis understands the importance of establishing itself as a responsible member and contributor to the Florence community. Curis’ presence in Florence will allow the company to understand local concerns and priorities, while at the same time building local relationships and sustainable partnerships. Curis will contribute through sponsorships, charitable contributions, in-kind services, volunteering and providing general support in pursuit of community goals that support environmental, economic and social development. All Curis activities within the Town of Florence will refm ect Ti e Florence Copper Project Community Offj ce is and support the core values represented by the company’s commitment located at 310 N. Main Street to Responsible Mineral Development . As a neighbor, the Curis team is also committed to listening and responding to the concerns and questions of its stakeholders, and will always strive to maintain open, two-way communication when interacting with the community. Planning considerations for the Florence Copper Project will incorporate community feedback. Ti roughout 2010, the company plans to hold a number of open houses in the Florence area, and encourages all members of the Florence and regional community to visit these educational and informational events. Curis also looks forward to welcoming visitors seeking to learn more about the Florence Copper Project, the company and mining in general at its Florence Copper Project Community Offj ce, located at 310 N. Main Street. Curis introduced the Florence Copper Project to the community at the company’s fj rst informational open house on June 15, 2010 CAPITAL INVESTMENT & SPIN-OFF BENEFITS: CREATING LOCAL OPPORTUNITIES Curis expects to invest some $45 million to advance the Florence Copper Project over a 2 year period. Development activities will create employment and contract opportunities for local workers and businesses, as well as pay taxes to local, state and federal authorities. Historical work undertaken by previous owner BHP Copper suggests that the project could produce 75 to 83 million lb of copper annually for 15 years. Based on consensus long-term copper pricing of between $2.25 and $2.50 per pound, Curis believes the project has the potential to generate signifj cant supply and service contract opportunities, local and state tax revenues, and other spin-of economic activity for years to come. Also based on work completed by BHP Copper in the late 1990s, it is estimated that the Florence Copper Project in full operation has the potential to support 170 full-time and contract positions for professional, technical, general labor and administrative staf . Ti e Florence Copper Project Curis’ Local Hire Policy requires the company and its contractors to provide priority could create nearly 1,000 jobs consideration to local people for employment opportunities and to local businesses for supply and service contracts, based on qualifj cations and merit. Curis is also in Florence, Pinal County and committed to ensuring that residents have access to training and educational programs necessary to optimize local employment. the State of Arizona Economic studies prepared for the Arizona copper industry indicate that every direct job at the Florence Copper Project has the potential to support another 4.75 indirect or induced jobs in the regional economy. Ti at means the project could create nearly 1,000 jobs in Florence, Pinal County and the State of Arizona. In addition, there will be a substantial number of construction jobs created in preparation for operations. Curis’ total expected capital expenditures to acquire the Florence Copper Project and undertake necessary engineering studies, permitting and construction to bring the project to commercial production is estimated at $200 million. An additonal $300 million will be incurred over the operational mine life.
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