November 21, 2024 11:56 pm
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Preliminary report shows opening old CG open pit mine profitable

(Disclosure: Rose Law Group represents Elim Mining.)

By Suzanne Adams-Ockrassa | Casa Grande Dispatch

CASA GRANDE — One of two companies competing to reopen the old Sacaton Mine near Casa Grande is inching closer to success while the other has faced a minor setback.

Elim Mining Incorporated released its preliminary economic assessment to investors on Tuesday. The assessment is a preliminary report to show if it is financially feasible to reopen the mine.

The assessment states that the stockpile of rock that had a grade of copper that was too low to make it profitable to extract the last time the mine was open in the 1980s has enough ore in it to fund at least eight years of operations using today’s mining processes.

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