Arizona Metals Reports Initial Kay Mine 651Mlb Copper Equivalent Resource

Arizona Metals announced an initial mineral resource estimate for its Kay Mine Project in Yavapai County, Arizona, revealing 9.28 million tonnes in the indicated category grading 3.18% copper equivalent and 0.86 million tonnes inferred. The resource includes significant quantities of gold, silver, copper, lead, and zinc, totaling over 650 million pounds of copper equivalent, with potential for expansion along strike and at depth. Despite the high-grade nature and good continuity suitable for bulk underground mining, the resource size was smaller than some investor expectations, leading to a 29% drop in the company's stock price to its lowest level since 2020. Arizona Metals plans to continue metallurgical testing and conduct 10,000 meters of drilling at various targets in the second half of 2025, aiming to release a preliminary economic assessment later this year. CEO Duncan Middlemiss highlighted the deposit's expansion potential and the company's commitment to advancing the project with a fully funded plan. The Kay Mine lies in a historically mined area in Arizona, a leading U.S. copper-producing state, and the company is also focusing on developing a polymetallic portfolio in the region.