Cañariaco / Copper, gold and silver

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Cañariaco is a large-scale copper project which includes the Cañariaco Norte deposit, the Cañariaco Sur deposit and the Quebrada Verde prospect located 3.5km south of Cañariaco Norte and immediately south-south-west of Cañariaco Sur.


Early stage


Copper, gold and silver


Alta Copper



Royalty rate and type
0.5% NSR

Balance sheet classification
Royalty intangible 

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.