en.Wedoany.com Reported - Gunnison Copper has recently completed an airborne survey over a portion of its Cochise mining district land in Arizona, USA, aimed at accelerating the generation of high-priority exploration targets. Data processing is currently underway, with preliminary results expected to be released in the near term.
The company plans to integrate the new data with existing geological and geophysical datasets to identify and prioritize high-potential drill targets across the mining district. The survey utilized LunaSonde's proprietary airborne geological radar tomography technology to generate high-resolution subsurface imaging, used to identify potential copper-bearing structures, thereby advancing exploration target generation.
Gunnison Copper has also entered into a buyback option agreement with Altius Royalty Corporation and the Triple Flag entity, granting the company the right to reduce certain royalty rates on its namesake project in Arizona and terminate a stream financing option related to production expansion. Under the agreement, Gunnison Copper has the option to reduce Triple Flag's 3% gross revenue royalty to 2% and lower Altius's rate by 0.5%. Furthermore, the company has the right to terminate Triple Flag's expansion option. This option is solely related to a qualifying change of control transaction announced on or before March 31, 2028, and requires a total consideration payment of US$65 million (approximately C$89.78 million) upon exercise.
Gunnison Copper is a multi-asset pure-play copper development and production company controlling the Cochise mining district. Located in the southern Arizona copper belt, the district contains 12 known deposits within an 8-kilometer economic radius. Both the airborne survey and the agreement serve the company's long-term exploration target generation and resource expansion strategy in the region.
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