Line up of Drill Rigs
Chile- The Home of Copper

Projects Overview

  • Advanced portfolio of large-scale copper projects
  • One of the best located new copper development centres globally- Chile, low altitude, infrastructure rich, low capital intensity

Cortadera Copper Porphyry Project

Productora Copper Project

Located 15km south of the town of Vallenar, at low altitude (~800m ASL), in Chile’s Region III, Productora benefits from its proximity to existing infrastructure, including the Pan-American Highway, rail, grid power, and established port facilities (water). 

In March, 2016 the Company delivered the Productora Pre-feasibility study (PFS), which nearly doubled the existing Ore Reserves at the project. Highlights of the study include:

  • Productora confirmed as a new global copper development with strong potential to add further mine life and scale
  • Benchmarking demonstrates competitive financial metrics for return on investment and capital intensity
  • Positioned as one of the best low-altitude and infrastructure-rich copper developments in Chile.  Access and easements to establish key infrastructure already secured
  • Mineral Resource expanded to 1.47Mt contained copper and 0.98Moz gold and growing
  • Ore Reserve tonnage near-doubled to 166.9Mt.  Contained metal now stands at 0.72Mt of contained copper and 0.47Moz of gold
  • 10 year mine life with first 8 years production averaging 66kt copper and 25koz gold annually
  • Pre-production capital cost of US$725 million (incl US$82M contingency)
  • Project revenue of US$4.3 billion, based on long term price deck
  • Very competitive C1 cash cost of US$1.47/lb paid metal (including credits)
  • Highly leveraged to copper price, resource growth and operating cost improvements

Productora is now positioned with a very strong Mineral Resource base of ~1.5Mt copper and 1M oz of gold,  at the beginning of an exciting phase of growth for the Company.