Vizcachitas / Copper
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Vizcachitas is a Large scale copper development project located in Chile, owned by Los Andes Copper
Development
Copper
Los Andes Copper
Chile
Royalty rate and type
0.25% NSR
What we own
The Group owns a 0.25% NSR royalty over any open pit operations, stepping up in the event production is delayed beyond 30 June 2030.
Operation
Vizcachitas is a Tier 1 copper project located in the Andes in Central Chile with a large resource - 1,220Mt of mineral reserves at 0.40% CuEq grade, 1,514Mt of measured and indicated resources at 0.44% CuEq grade and 1,823 Mt of inferred resources at 0.38% CuEq grade.
Reserves based mine life is 26 years with average payable copper production of 183 Ktpa in the first 8 years and 153 Ktpa over the life of the mine, which has considerable life of mine extension potential.
The project adopts a "sustainability in design" approach and is expected to produce clean copper concentrate with low levels of deleterious materials.
Why we own it
The Vizcachitas project is amongst the largest and lowest cost undeveloped copper deposits with a long-life and in a well-established mining jurisdiction.
Progress
A robust Pre-Feasibility Study was published in April 2023, indicating 1,220Mt of mineral reserves at 0.40% CuEq grade, 1,514Mt of measured and indicated resources at 0.44% CuEq grade and 1,823 Mt of inferred resources at 0.38% CuEq grade.
In September 2023 Los Andes appointed ERM to conduct an analysis of the licensing process for the project and to define the required baseline studies. Operator guidance is for the project to come into production in 2029, with Ecora’s royalty rate stepping up in the event production is delayed beyond 30 June 2030.
Key facts
26 years
A 26-year mine life and further extension potential
2029
First production is targeted for 2029
Clean
Expected to produce clean copper concentrate with low levels of deleterious materials