Augusta Resource Corp.

Fact Sheet
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WORLD CLASS ASSET - Proven and probable mineral reserves at Rosemont total 546 million tons of sulfide ore grading 0.45% copper, 0.015% molybdenum and 0.12 ounces per ton silver in sulfide ore, and an additional 70 million tons of oxide ore grading 0.17% copper. Resources total 7.7 billion pounds of copper, 190 million pounds of molybdenum, and 80 million ounces of silver. Capital costs are estimated at $897 million, with low operating costs estimated at $0.62 per pound of copper, net of by-product credits.

ROBUST ECONOMICS - Augusta's January 2009 updated bankable feasibility study estimates an NPV of $1.2 billion (5% discount after tax) based on a long-term price of $1.85 per pound copper, with a 17.8% internal rate of return and five-year payback period.

STRATEGICALLY POSITIONED - Arizona is home to the nation's largest copper producers and offers stable mining laws and a clear regulatory regime. Rosemont is accessible via highway from east to west, and lies less than 15 kilometres from a major transmission line. Rail lines connecting to major ocean ports are also nearby.

STRONG MARKET DEMAND - The current bull market for copper is being driven by expected strong demand growth out of China, India, Brazil and Russia, and a struggling supply response. The growth in demand is a function of the improved economic outlook for these countries as their economies become more developed and industrialized, and is expected to grow at a rate of 4% reaching over 19 million tonnes annually in 2011.