Boulder, USA, February 21, 2023 - Jetti Resources (Jetti) has reached an agreement with Sociedad Contractual Minera El Abra (El Abra) and Freeport-McMoRan Inc. (NYSE: FCX) to deploy Jetti’s leaching technology at the El Abra copper mine in Chile, which is majority-owned and operated by FCX. The use of Jetti’s technology will enable El Abra to produce more copper while taking advantage of existing infrastructure and will generate strong financial returns.

Jetti’s catalytic technology will be deployed on the existing leach stockpiles at El Abra and will target over 20 million pounds of incremental copper cathode production per year after an initial ramp up period. The project will leverage existing El Abra infrastructure including excess tank house capacity sufficient to process all production from Jetti’s leaching technology. Engineering work for the establishment of Jetti’s on-site catalyst facility is already well advanced, with construction expected to commence in the first half of 2023 and commissioning expected in the second half of the year.

El Abra is an open pit copper mining complex with a large sulfide resource as well as an established leaching operation. In 2022, El Abra produced approximately 200 million pounds of copper.

The deployment at El Abra represents Jetti’s second deployment at an FCX operation, following the commercial implementation of operations to trial Jetti’s technology at FCX’s wholly-owned Bagdad mine in Arizona in 2022.

 “El Abra is Jetti’s first deployment in Chile, and we are delighted to extend our partnership with Freeport to a second site. Real momentum is building behind the deployment of Jetti’s technology as its unique technological, commercial, and environmental benefits become increasingly clear. We look forward to working with Freeport to successfully unlock profitable new pounds of copper with a low carbon footprint and with reduced water consumption.

Mike Outwin, CEO and Co-Founder of Jetti Resources