Barksdale Resources Focused on Exploring Copper Opportunities in the Americas

• Barksdale Resources is focused on copper and base metal exploration in Arizona, USA and Mexico.
• Their main project is Sunnyside in Arizona, located next to South32's Taylor deposit. Sunnyside has a large porphyry copper system that may extend into Barksdale's ground.
• South32 is investing over $2 billion to develop the Taylor mine, which Barksdale believes bodes well for their Sunnyside project.
• Barksdale also has the Cerro Verde copper project in Mexico which they plan to advance after getting permits to drill Sunnyside.
• The company has a strong shareholder base and management team experienced in exploration.

Barksdale Resources is a base metal exploration company targeting high-potential copper opportunities in Arizona, USA and Mexico. With an experienced management team at the helm, Barksdale is focused on advancing its flagship Sunnyside project in Arizona while also moving its Cerro Verde asset in Mexico forward.

In a recent interview, Barksdale CEO Rick Trotman laid out the investment case for the company and its exploration portfolio. Trotman explained that Barksdale is particularly excited about the potential at Sunnyside, calling it "a large copper porphyry deposit" located next to South32's Taylor mine in the prolific Patagonia mining district of Arizona.

Sunnyside's Potential Right Next Door to a Major Mine

Sunnyside is located immediately adjacent to South32's Taylor deposit, where the major mining company is investing over $2 billion to develop a new copper mine expected to begin production in 2027. As Trotman stated, "We have all of the projects in blue, either controlled 100% or through option agreements, and the project in center called Sunnyside is where most of the attention is garnered."

With South32 making a massive investment next door, Barksdale sees excellent prospects at Sunnyside. "This already is the world's largest carbonate replacement deposit and our side has not been explored as of yet," said Trotman. "All in all, South32 will have four billion dollars invested in that mine when it turns on and they don't tend to like owning parts of districts and parts of deposits which I think will bode well."

Exploring a Potential Billion-Ton System

The potential scale at Sunnyside is enormous, with Trotman describing a "billion odd ton porphyry called Sunnyside and blue." The historic Sunnyside porphyry sits on Barksdale's ground and likely connects to the Taylor deposit held by South32.

"We're looking at probably six or seven kilometers across in terms of size and scale potential here," explained Trotman. "We've got a kilometer scale gap between that blue vertical line, which is the property boundary, and the edge of the porphyry just off to the left that when you think about it in three dimensions is a four or five square kilometer area where we have the potential to build significant tons and hopefully grade that could be of interest to the folks building the mine next door."

Permitting Underway to Unlock Value

With such substantial scale potential, Barksdale is currently focused on permitting at Sunnyside in order to drill test priority areas. As Trotman noted, "We are currently in the permitting process and hopefully by the end of the year we'll have our permits to drill."

Once permits are in hand, Barksdale will prioritize drilling the area between the known Sunnyside porphyry and the Taylor deposit. "This I would mention is already the world's largest carbonate replacement deposit and our side has not been explored as of yet," reiterated Trotman. Any exploration success could be transformational given the sheer size of the system.

Major Shareholders Provide Solid Backing

Supporting Barksdale's exploration efforts is a strong shareholder base, with Trotman noting that "The top 30 investors in Barksdale probably control something on the order of 70% of the stock." This provides stability as the company advances Sunnyside and looks to unlock value.

Barksdale also recently completed a capital raise, but as Trotman explained, "Effectively it was all existing shareholders that invested. They tend to follow their rights as you can see we've done decently well this year people are expecting a few catalysts out of us."

Advancing Cerro Verde in Mexico

In addition to the flagship Sunnyside project, Barksdale is also advancing Cerro Verde, a copper oxide project located in Mexico. Trotman called Cerro Verde "an interesting beast," noting that while it will take a backseat to Sunnyside in terms of priority, it could provide additional upside.

Barksdale has already drilled at Cerro Verde, hitting mineralization Trotman described as a "tabular shape right at the top of the mountain very low strip." He added that the project would be amenable to heap leaching, stating that "We have very great leach kinetics on this this would be a heap leach style operation."

With Sunnyside as Barksdale's flagship and priority, Cerro Verde provides a secondary asset that could create value. As Trotman summarized, "We'll have that asset on our balance sheet we'll use it opportunistically to give our shareholders the best financial advantage possible."

An Experienced Team Leading the Charge

Helming Barksdale's exploration efforts is an experienced management team. Trotman himself has a background in geology and private equity, while other team members bring decades of exploration expertise.

This experienced team is focused on systematically exploring Barksdale's projects, starting with Sunnyside. As Trotman stated, "We have a very very strong shareholder list, very long-term shareholders very supportive...I think we're a bit different in this market than most."

With a stable shareholder base, exciting exploration portfolio, and experienced team, Barksdale offers investors upside potential as it unlocks value at Sunnyside and advances Cerro Verde. The massive investment by South32 next door at Taylor bodes well for Sunnyside, while Cerro Verde provides a secondary asset with strong economics. With permits anticipated by year-end, 2023 is shaping up to be an important year for exploration and potential catalysts. For investors seeking copper exposure and exploration upside, Barksdale ticks all the boxes.

The Investment Thesis for Barksdale Resources

• World-class exploration projects in mining-friendly jurisdictions of Arizona and Mexico
• Flagship Sunnyside project located right next to South32's $2B+ Taylor mine
• Potential to find significant tonnage and grades at the underexplored Sunnyside
• Experienced management team with a track record of exploration success
• A strong shareholder base provides stability and support
• Recent fundraising ensures treasury to advance exploration
• Permits imminent to drill high-priority targets at Sunnyside
• Secondary asset at Cerro Verde provides additional upside