Name of the Project
Vizcachitas copper/molybdenum project.

Location
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 its strong financial viability.

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 to 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
Recent drilling has continued to expand the advanced Vizcachitas copper project.

The new results include 331 m grading 0.63% copper-equivalent (0.55% copper, 212 parts per million molybdenum and 1.28 g/t silver) in hole CMV 012B on the north-eastern edge of the deposit, where almost no prior drilling has been completed.

The results also include 122 m grading 0.59% copper-equivalent on the western edge of the deposit (0.55% copper, 223 ppm molybdenum and 1.72 g/t silver) in hole CMV 011.

Current resources, as estimated in the PEA, which will be updated with the new drilling in 2022, are measured resources of 254.4-million tonnes with an estimated grade of 0.49% copper-equivalent, and indicated resources of about 1.03-billion tonnes with a grade of 0.44% copper equivalent.

Los Andes will complete the prefeasibility study in the fourth quarter.

Key Contracts, Suppliers and Consultants
Tetra Tech Chile (PEA).

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