Summary:
Vizcachitas is a large copper-molybdenum porphyry deposit in central Chile, owned by Los Andes Copper Ltd. (“Los Andes”) (TSXV: LA). The 2023 pre-feasibility Study outlined an initial 26-year open pit mine life with annual copper production of 183,000 tonnes in the first eight years, a post-tax NPV8% of $2.8B and an IRR of 24%. The project has excellent existing infrastructure including transport, power, and access to desalinated water. Los Andes has resumed exploration and optimization drilling where several targets include possible resource extensions to the east, west and at depth. Los Andes expect to complete a feasibility study between 2023 and 2024, with potential commencement of commercial production in 2029. The royalty covers approximately 50% of the open pit.
Interest: 0.98% Net Smelter Return Royalty on open pit, 0.49% on underground
Location: Central Chile
Project Status: Development
Counterparty: Los Andes Copper (TSXV: LA)
