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Vizcachitas copper/molybdenum project, Chile

12th July 2019

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Vizcachitas copper/molybdenum project.

Location
The project is located about 150 km north-east from Santiago, Chile.

Project Owner/s
Los Andes Copper.

Project Description
A preliminary economic assessment (PEA) on the project has highlighted the strong financial viability of the project.

The project has measured and indicated resources estimated at 1.28-billion tonnes, with a 0.45% copper equivalent grade and 0.40% copper grade (at 0.25% copper cutoff grade).

Envisaged is an openpit mine, and a concentrator plant that produces copper and molybdenum concentrates. The PEA evaluated three cases with mill throughputs of 55 000 t/d, 110 000 t/d and 200 000 t/d.

The 110 000 t/d case has been recommended to advance into the prefeasibility study (PFS).

The project has an estimated 45-year mine life.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a net present value, at an 8% discount rate, of $1.8-billion and an internal rate of return of 20.77%, with a payback of 5.4 years from initial construction and 3.4 years from initial operations.

Capital Expenditure
Initial capital expenditure is estimated at $1.87-billion.

Planned Start/End Date
Not stated.

Latest Developments
Los Andes is progressing the project to the PFS phase, and is expected to be completed in the fourth quarter of 2020.

Key Contracts and Suppliers
Tetra Tech Chile (PEA).

On Budget and on Time?
Too early to state.

Contact Details for Project Information
Los Andes Copper, email info@losandescopper.com.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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