Underground copper mine in production, in Chile – CH03

November 17, 2015  |   Closed Opportunities,Portfolio   |   Comments Off on Underground copper mine in production, in Chile – CH03
Underground copper mine in production, in Chile – CH03
THE OPPORTUNITY

ThProjecte asset, a small copper mine in production, is located near Copiapo, Chile, and has been in operation continuously since the 19th century. Potential resources identified are 10Mt @ 1.8-2% Cu, plus gold and silver credits -non JORC-NI 43.101- and there is substantial exploration upside within the property. Production is 1,000tpm and at the moment, the mineral is sold in its entirety to ENAMI.

The project is currently owned privately. The owners are seeking an operator willing to inject direct investment in the range of $2 million, to expand production to 6,000tpm as well as for exploration and development work, or outright sale. Potential for installing a processing plant in the vicinity is also in evaluation.

The district has other operations of similar size, making it possible to eventually aggregate production.

If you are interested in discussing this directly, please drop us a line at info@synergyresourcecapital.com.

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