What we own
The Group has a 0.5% life of mine NSR royalty over the project which is majority owned by TSX-listed Alta Copper Corp. (‘Alta’).
In January 2022 a Preliminary Economic Assessment (PEA) was completed on Cañariaco Norte which estimated a post-tax NPV of over $1bn (at a copper price of $3.50/lb) and a 2022 mineral resource totalling 9.3Blbs of contained copper in the Measured and Indicated category, plus 1.4Blbs of contained copper in the Inferred category. A resource estimate was also completed for Cañariaco Sur that estimated 2.2Blbs of contained copper in the Inferred category.
Alta intends to further advance the resource development with a Feasibility Study on Cañariaco Norte and further drilling on Cañariaco Sur.