Arizona Sonoran Appoints Minviro to Complete Carbon Emissions Framework Review
29 November 2021 - 12:30PM
Business Wire
Arizona Sonoran Copper Company Inc. (TSX:ASCU) (“ASCU” or
the “Company”), an emerging US-based copper developer and near-term
producer, has engaged London-based Minviro Ltd. to review its
carbon emissions framework and determine the best path towards
establishing a net-zero CO2 operation at the Cactus Project.
The Minviro-led Life Cycle Assessment (LCA) will enable ASCU to
clearly and robustly quantify the life cycle impact of mining,
processing and refining options and solutions, and detailed
environmental impacts of the operation.
In conjunction with the launch of this review, the Compensation
Committee of the Company and Board has also established specific
ESG criteria linked key performance indicators in respect of
management compensation. Full details of these key performance
indicators will be made available in the Company’s management
information circular in 2022.
George Ogilvie, Arizona Sonoran President and CEO commented,
“Being proactive about managing our impacts and achieving a net
zero operation is at the core of ASCU’s corporate and ESG strategy.
The launch of the partnership with Minviro will assist our carbon
conscious management team to ensure minimal carbon emissions from
our operations in the medium-long term and manage our supply chain
effectively to support the goals set by the Paris Agreement. As we
advance through our pre-feasibility and feasibility studies, the
LCA will provide us with high-quality operating data which we will
integrate into our technical studies, targeted towards the
achievement of our net zero goal in the long term. Incorporating
ESG criteria into management compensation KPIs further aligns our
interests with those of our stakeholders and we look forward to
updating all stakeholders in due course regarding this exciting
initiative.”
Key components of the LCA to be based on the Integrated Cactus
PEA include:
- the determination of ASCU’s baseline carbon footprint;
- identifying scope 1 and 2 upstream and downstream
emissions;
- identifying scope 3 emissions generated by potential materials
consumed at site and in the production of copper cathode
product;
- LCA inventory data for copper cathode production process;
and
- assessment of climate change impact.
Once the baseline product carbon footprint is determined, the
environmental and economic value proposition of CO2 mitigation and
minimum impact scenarios will be investigated. The goal of the
assessment is to develop a framework which feeds into ASCU’s PFS
and DFS to provide a pathway to net zero operations at the Cactus
Project.
About Minviro (www.minviro.com) Minviro is a London-based consultancy and
technology company that specializes in providing quantitative
environmental impact data and mitigation strategies for resource
projects. Minviro believes in the value of integrating quantitative
environmental impact data obtained by life cycle thinking into
day-to-day decision-making and long-term strategic planning in the
mining industry. The team comprises of a group of world class
individuals who have advised on ISO-compliant professional LCA
studies for technology and base metal products, ranging from
lithium to copper and nickel.
About Arizona Sonoran Copper Company (www.arizonasonoran.com |
www.cactusmine.com) ASCU’s objective is to become a mid-tier copper
producer with low operating costs, develop the Cactus Project that
could generate robust returns for investors, and provide a long
term sustainable and responsible operation for the community and
all stakeholders. The Company's principal asset is a 100% interest
in the Cactus Project (former ASARCO, Sacaton mine) which is
situated on private land in an infrastructure-rich area of Arizona.
The Company is led by an executive management team and Board which
have a long-standing track record of successful project delivery in
North America complemented by global capital markets expertise.
Forward-Looking Statements Forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
ASCU to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements. Factors that could affect the outcome
include, among others: future prices and the supply of metals; the
results of drilling; inability to raise the money necessary to
incur the expenditures required to retain and advance the
properties; environmental liabilities (known and unknown); general
business, economic, competitive, political and social
uncertainties; results of exploration programs; accidents, labour
disputes and other risks of the mining industry; political
instability, terrorism, insurrection or war; or delays in obtaining
governmental approvals, projected cash operating costs, failure to
obtain regulatory or shareholder approvals.
Although ASCU has attempted to identify important factors that
could cause actual actions, events or results to differ materially
from those described in forward-looking statements, there may be
other factors that cause actions, events or results to differ from
those anticipated, estimated or intended. Forward-looking
statements contained herein are made as of the date of this news
release and ASCU disclaims any obligation to update any
forward-looking statements, whether as a result of new information,
future events or results or otherwise, except as required by
applicable securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20211129005159/en/
Alison Dwoskin, Director, Investor Relations 647-233-4348
adwoskin@arizonasonoran.com
George Ogilvie, President, CEO and Director 416-723-0458
gogilvie@arizonasonoran.com
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