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Located on privately held land, the project bypasses federal nexus, allowing for a more streamlined, state-led permitting process.

According to the October 2025 Pre-Feasibility Study (PFS), the Cactus Project is envisioned as a long-life, low-cost operation with the following key highlights:

Anticipated completion of the Definitive Feasibility Study (DFS) and receipt of major permit amendments (including Aquifer Protection and Industrial Air permits). Q4 2026: Target for a Final Investment Decision (FID) . 2027: Expected initiation of mine construction.

Features an after-tax Net Present Value (NPV) of US$2.3 billion and an Internal Rate of Return (IRR) of 22.8% based on a copper price of $4.25/lb.